Prediction Market Operators Accuse Casino Lobby and States of Coordinated Campaign

CasinoBeats · 1d ago

A coalition of prediction-market firms, including Kalshi, Crypto.com, Robinhood and Coinbase, says it has evidence that state gaming regulators are coordinating with the American Gaming Association to push the CFTC into blocking sports-related event contracts. The group points to a Maryland regulator's letter to federal officials that echoes language from a draft supplied by the AGA more than a week earlier. The dispute is the latest flashpoint in an escalating legal fight between prediction markets and the traditional casino and sports-betting industry.