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U.S. authorities have urged the CFTC to ban political betting. In their letter, senators stated that such bets on platforms like Polymarket undermine public trust in the democratic election process. The Polymarket platform has already accumulated over $500 million in bets related to U.S. elections.
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Australia plans to introduce a 2% tax on gambling companies' GGR to offset the revenue that media outlets will lose if gambling advertising is banned.
🇦🇷 In Argentina,
a bill will be considered that would virtually ban gambling advertising in all 23 provinces.