U.S. gambling industry trade organizations, the American Gaming Association (AGA) and Indian Gaming Association (IGA), are calling for a ban on sports event contracts offered by prediction market platforms like Kalshi, ahead of a Congressional hearing on 21 July.
According to testimonies from both organizations acquired by gaming lawyer Daniel Wallach, the AGA and IGA will argue for an outright ban on these contracts during the House Committee on Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development hearing.
The session, titled “Examining Prediction Markets: Customer Protections and Market Integrity in Sports Event Prediction Markets,” will look at the growth of sports-related prediction markets and their regulation.
