Dina Titus Pushes Federal Curbs on Prediction Markets in 38-State Sports Betting Landscape
Updated
Updated · Yogonet International · May 27
Dina Titus Pushes Federal Curbs on Prediction Markets in 38-State Sports Betting Landscape
3 articles · Updated · Yogonet International · May 27
At a Las Vegas gaming conference, Rep. Dina Titus renewed her call for federal action against prediction markets offering sports and casino-style contracts outside state and tribal gambling oversight.
Titus said platforms such as Kalshi and Polymarket bypass safeguards required of licensed operators, including anti-money-laundering controls, age checks, responsible-gaming rules and integrity monitoring.
Her Fair Markets and Sports Integrity Act would bar those contracts unless operators obtain state licenses, rejecting the industry's claim that CFTC authority is enough to police gambling-style products.
Titus argued Congress never authorized such markets, and the 2018 Supreme Court ruling that opened legal sports betting to 38 states and Washington, D.C. did not cover them.
Speaking to more than 500 attendees from over 25 countries, she cast Nevada's regulatory model as the benchmark and paired the push with broader tax and policy proposals for the gaming industry.
As states and tribes sue Kalshi, who will win the battle to control American betting?
Are prediction markets a financial innovation or just unregulated online casinos in disguise?