Gambling Industry and Labor Unions Urge Crypto Bill Ban on Sports Prediction Markets
2026-06-17 09:44

Woofun AI reports that the American Gaming Association, the Indian Gaming Association, the Hotel and Gaming Trades Council of the AFL-CIO, and UNITE HERE have jointly submitted a letter to lawmakers. The coalition urges the inclusion of restrictive clauses in pending cryptocurrency legislation to prohibit prediction market platforms, such as Kalshi, from offering sports betting. The signatories express deep concern that these platforms have driven the largest expansion of gambling in U.S. history over the past 18 months. They argue that Congress should use this legislative opportunity to reaffirm that sports betting falls outside the jurisdiction of the U.S. Commodity Futures Trading Commission and must not be accessible through prediction market interfaces.

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Kalshi
American Gaming Association
Indian Gaming Association
Hotel and Gaming Trades Council of the AFL-CIO
UNITE HERE
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