Gaming Industry Urges Senate to Ban Sports Prediction Markets in CLARITY Act
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On June 16 more than 50 organizations, including the American Gaming Association, Indian Gaming Association and National Congress of American Indians, urged the U.S. Senate to explicitly ban sports and casino-style prediction markets in the CLARITY Act, arguing these platforms drove the largest U.S. gambling expansion without voter approval and allow 18+ users to bet in states where sports betting is not legal. The push creates clear regulatory risk for crypto prediction markets and related DeFi/DEX/CEX products and could curtail adoption, fundraising and token launches tied to sports betting contracts.
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- AGA and other groups urge the Senate to ban sports prediction markets in the CLARITY Act.
- Coalition says prediction markets drove the largest US gambling expansion without voter approval.
- Platforms let users aged 18 bet in states that have not legalized sports betting.
More than 50 organizations spanning the gaming industry, tribal nations, labor unions, and state associations sent a letter to the US Senate on June 16, urging lawmakers to include explicit language in the CLARITY Act that would prohibit prediction markets from offering contracts tied to sports and casino-style gambling.
Signatories include the American Gaming Association (AGA), the Indian Gaming Association, the National Congress of American Indians, the Association of Gaming Equipment Manufacturers, and multiple UNITE HERE labor locals representing casino and hospitality workers across the country.…
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