US gaming industry and unions urge lawmakers to ban prediction markets from offering sports betting in crypto legislation

AiCoin2026/06/17 01:30

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to Semafor, the American Gaming Association, the Indiana Gaming Association, the AFL-CIO Hotel and Gaming Industry Council, and UNITE HERE have sent letters to legislators, requesting that prediction markets such as Kalshi be prohibited from offering sports betting services in crypto legislation. These organizations stated that prediction markets have driven the largest gambling expansion in U.S. history over the past 18 months. The American Gaming Association claims that since early 2025, states have lost $1 billion in revenue due to prediction markets, but prediction market representatives dispute this claim.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

02:57 PM EDT, 10/06/2026 (MT Newswires) -- Simulations Plus (SLP) said Tuesday that affiliates of Altaris have completed the acquisition of the company. The transaction price was $375 million, with each Simulations shareholder receiving $18.50 in cash per share, according to an earlier statement. As a result of the acquisition, Simulations said it has become a privately held company and its common stock will no longer trade on the Nasdaq Global Select Market.

MT newswire•2026/10/06 18:57

Ondo Finance brings pre-IPO AI exposure on-chain — But there’s a catch

AMBCrypto•2026/10/06 18:39