The Pennsylvania Gaming Control Board has warned casinos and sportsbooks not to get involved with prediction markets.
During a hearing for the House Gaming Oversight Committee on Tuesday, Executive Director Kevin O’Toole, outlined the regulator’s concerns, saying that apps like Kalshi and Polymarket were offering a wagering platform that operated “entirely outside of Pennsylvania’s comprehensive consumer protection, responsible gaming, and tax frameworks.”
The warning follows a similar move made by O’Toole in October when he called on lawmakers to act against the growth of prediction markets.
Prediction markets enable users to buy and sell contracts linked to real-world events, including sports, elections, and other cultural moments.
