California Senators Alex Padilla and Adam Schiff, joined by seven other U.S. senators, are calling for prediction markets to be banned. The post frames prediction markets as gambling and argues nothing good can come from them. The statement was shared on Facebook by 6abc Action News on August 11, 2026.

Federal legislative opposition from nine senators signals potential headwinds for CFTC-regulated platforms like Kalshi and Polymarket. Any bill introduced could force platforms to spend heavily on Capitol Hill defense or face new statutory restrictions beyond current agency oversight.