American Gaming Association News & Prediction Market Coverage
Track the latest American Gaming Association news across prediction markets. Prediction News is following 15 active American Gaming Association stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
House hearing to put sports prediction markets under Congress's microscope
LegalBipartisan Senate bill would ban sports event contracts on CFTC-regulated prediction markets
LegalMaryland regulators copied casino lobbyists' letter attacking prediction markets
LegalCFTC sues New Mexico to block state gambling enforcement against prediction markets
LegalCasino trade groups ask Congress to ban sports event contracts
LegalGaming coalition lobbies Senate to ban sports prediction markets in crypto bill
LegalGary Gensler files amicus brief backing Ohio against Kalshi in sports prediction market case
DealsFanDuel Predicts adds Crypto.com's OG as second exchange partner
DataAGA says states lost $1 billion in gambling tax revenue to prediction markets
LegalAGA CEO Miller calls CFTC 'rogue agency' as Trump backs prediction markets
LegalAmerican Gaming Association claims prediction markets cost states $1 billion in tax revenue
LegalSenate Commerce Committee grills Kalshi and Crypto.com on sports betting ads and oversight gaps
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
LegalAGA CEO Miller calls federal prediction market regulator 'a joke,' vows industry fightback
Frequently Asked Questions
What is the American Gaming Association's position on prediction markets?
The AGA views sports-related prediction market contracts as gambling that evades state taxes and regulation, estimating over $1 billion in lost state revenue.
Has the AGA lobbied against prediction markets in Congress?
Yes, gaming industry groups including the AGA lobbied the Senate to ban sports and casino-style prediction markets in pending cryptocurrency legislation.
How does the AGA calculate tax losses from prediction markets?
The AGA attributes the bulk of prediction market activity to sports event contracts and tracks resulting shortfalls in state gambling tax collections.
Does the AGA support CFTC regulation of sports event contracts?
No, the AGA has criticized CFTC proposals permitting sports contracts and coordinated with tribes and states against federal preemption claims by platforms.
Which prediction market platforms has the AGA criticized?
The AGA has publicly disputed claims by Kalshi and Polymarket, calling their tax-loss tracker 'fake math' and highlighting their sports contract offerings.