U.S. Gaming Industry and Labor Groups Urge Ban on Prediction Markets Offering Sports Betting in Crypto Bill

KALSHI11.11%
According to Semafor, the American Gaming Association and labor groups on June 17 urged lawmakers to include provisions prohibiting prediction markets like Kalshi from offering sports betting in pending crypto legislation. The coalition stated that prediction markets have driven the largest gambling expansion in U.S. history over the past 18 months without voter approval or legislative authorization. The groups claimed that states have lost $1 billion in revenue since early 2025 due to prediction markets, though prediction market operators disputed the figure.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments