Global Stock News

Gaming industry, unions push for prediction market rules in crypto bill

Gaming industry, unions push for prediction market rules in crypto bill

The gaming industry is banding together with tribes and unions to urge lawmakers to add language barring prediction markets like Kalshi from offering sports wagers to pending cryptocurrency legislation, according to the text of a letter viewed by Semafor.

“While our organizations may differ on other issues, including gambling policy, we are united in our concern that prediction markets have fueled the largest expansion of gambling in U.S. history over the past 18 months — without voter approval or legislative authorization,” the American Gaming Association wrote alongside the Indian Gaming Association, plus the AFL-CIO’s Hotel and Gaming Trades Council and UNITE HERE, among others.

“Congress should not wait while this…

Source link

Share this article

Scroll to Top