Gaming groups, tribes and unions press Congress to block sports prediction markets in crypto bill

The American Gaming Association, Indian Gaming Association, AFL-CIO's Hotel and Gaming Trades Council, UNITE HERE and others want Congress to add language to pending crypto legislation barring prediction markets from offering sports wagers. They argue Kalshi-style event contracts have fueled the largest expansion of gambling in U.S. history over the past 18 months without state or tribal authorization, and want lawmakers to say sports betting sits outside the CFTC's remit. AGA also claims states have lost $1 billion to prediction markets since the start of 2025, a number prediction-market advocates dispute.

TLDR by @Benthic

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