Senators are signaling an appetite for pursuing legislation that would create federal standards for prediction markets that allow people to place cheap bets on sports — and just about anything else.
“There’s interest from members on the panel to move forward and get something on the books,” said Sen. Marsha Blackburn (R-Tenn.) said Wednesday in an interview after she presided over a Senate Commerce subcommittee hearing on the topic.
She added she planned to confer with the full Commerce Committee chair, Sen. Ted Cruz (R-Texas), about a path forward.
The hearing, convened by the Subcommittee on Consumer Protection, was billed as a fact-gathering…
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