American Gaming Association (AGA) President & CEO Bill Miller and Indian Gaming Association (IGA) Chairman David Bean have issued a letter to US lawmakers urging them to include prediction market language within the Clarity Act.
Both organizations had previously sent a letter to US lawmakers on January 12, but believe the need for congressional action has become “even more evident and more urgent” in the months since.
“As Congress considers cryptocurrency market structure legislation, we strongly urge the inclusion of explicit language to make it crystal clear that sports betting and casino-style gambling cannot be conducted nationwide through federally registered platforms under the guise of ‘event contracts,’” the letter said.
“It has also become abundantly clear in recent months that the (Commodity Futures Trading Commission) CFTC has no intention of enforcing its longstanding rules that prohibit sports betting contracts, nor will it defer to the courts to decide these matters as Chairman Selig promised during his Senate confirmation hearing last November.”
Miller and Bean believe the CFTC has moved from “passive facilitator” to “actively rewriting its rules in an attempt to explicitly authorize these products.”
The AGA President & CEO also spoke during The Insider’s View on Las Vegas and Gaming in 2026 panel on May 5, joined by Nevada Gaming Control Board (NGCB) Chairman Mike Dreitzer.
When asked how the AGA continues to fight back against the efforts of prediction market operators, Miller confirmed the Association “pays a lot of good lawyers a lot of money” to “make their lives very, very difficult.”
Miller also blamed recent “softness” witnessed across the US’ sports betting industry on prediction markets, and even went on to describe Selig as a “joke” during the panel.
Both the AGA and IGA confirmed a willingness to work with US lawmakers to assure explicit prediction market language is included within the Clarity Act, which will look to form a clear regulatory framework for the trading and sale of digital assets.
The AGA updated its US commercial gaming revenue tracker on April 16 to include results for February 2026, as total gross gaming revenue in the country increased 4.6% to $6.22bn
