AGA News & Prediction Market Coverage
Track the latest AGA news across prediction markets. PredictionNews is following 5 active AGA stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
AGA says states lost $1 billion in gambling tax revenue to prediction markets
LegalSenate Commerce Committee grills Kalshi and Crypto.com on sports betting ads and oversight gaps
LegalAGA CEO Miller calls federal prediction market regulator 'a joke,' vows industry fightback
LegalAGA and IGA send second letter to Congress demanding action on prediction markets
LegalAGA and tribal gaming lobby ask Congress to block prediction market event contracts
Frequently Asked Questions
Where can I find the latest AGA news?
Right here. PredictionNews tracks 5 active AGA stories, each clustered from original reporting and summarized for prediction-market operators, traders, and regulators, and refreshed throughout the day.
Are prediction markets legal in the US?
Federally, yes. Platforms like Kalshi and Polymarket US operate as CFTC-regulated event-contract exchanges, which is why they're available even in states where sports betting is banned. Legality is contested at the state level, especially for sports contracts, the regulatory fight PredictionNews tracks daily.
Are prediction markets the same as gambling?
Legally, no. They're overseen by the CFTC as financial event contracts, not by state gambling regulators, and you trade "Yes"/"No" shares priced between $0 and $1 rather than betting against a bookmaker's odds. That distinction is at the heart of the current regulatory debate.
How do prediction markets work?
You buy shares in a "Yes" or "No" outcome priced between $0 and $1. The price reflects the market's implied probability of the event. Correct predictions settle at $1 per share, incorrect ones at $0. They function like an exchange, not a sportsbook.