US Senate to weigh sports betting integrity and prediction markets May 20
A US Senate subcommittee meets May 20 to examine sports betting integrity and the growth of prediction markets like Kalshi and Polymarket. The hearing, chaired by Tennessee's Sen. Marsha Blackburn, is the first time prediction markets have been placed alongside the licensed sportsbook industry in a congressional setting.
Witnesses include American Gaming Association CEO Bill Miller, Tennessee Sports Wagering Council director Mary Beth Thomas, and Patrick McHenry of the Coalition for Prediction Markets.
The AGA and the Indian Gaming Association recently asked Congress to bar prediction markets from offering sports event contracts, arguing they sidestep the consumer rules that apply to state-licensed casinos.