The American Gaming Association and the Indian Gaming Association have written a joint letter to the US Senate and the House of Representatives addressing sports event contracts.
The letter describes sports events contracts as “indistinguishable from legal sports betting,” and comments on how, since prediction markets launched in January 2025, they have expanded to offer parlays, with potential markets being offered on college transfer portals.
This represents a rapid growth since the original markets on outcomes of single games were introduced. The letter states that the increase occurred from the exploitation of “regulatory inaction” by the Commodity Futures Trading Commission, under which prediction markets operate.
