Fellow sports betting operators such as FanDuel, DraftKings and Fanatics Sportsbook also chose to conclude its membership with the AGA following a divide over prediction markets.
Measures put into place by Kalshi include preemptive politician and sports screening, while Polymarket unveiled dedicated Market Integrity pages to report any suspicious activity.
Chairman David Bean stated the Prediction Markets Are Gambling Act will ‘quiet the chaos’ fostered by the CFTC and believes event contracts ‘disregard clearly established regulations.’
Senators Adam Schiff and John Curtis filed the bipartisan legislation on March 23, stating CFTC-registered entities offer sports prediction contracts which are ‘indistinguishable’ from gambling.
Following the introduction of DraftKings' Super App, could prediction markets delve into iGaming? And, with the AGA changing tact in its prediction market messaging, how will the industry react to Kalshi's new valuation?
As prediction markets edge closer to mainstream sports through MLB partnerships, the American Gaming Association is shifting its messaging strategy – challenging the sector on value rather than legality.
Prediction markets continue to cement themselves into the sports ‘betting’ framework, as Sportradar expresses concrete interest in the sector.
Better Collective has entered the prediction market space, targeting US audiences through dedicated content, editorial hubs and paid media distribution across its portfolio.
Major League Baseball has entered the prediction market sector through separate agreements with Polymarket and the Commodity Futures Trading Commission
Mimicking the function of a sportsbook bar, Polymarket is launching its ‘situation room’ concept for users to ‘monitor the situation’ in real time.