Senate Banking Committee News & Prediction Market Coverage
Track the latest Senate Banking Committee news across prediction markets. Prediction News is following 2 active Senate Banking Committee stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
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Frequently Asked Questions
What is the Senate Banking Committee's role in prediction markets?
The committee oversees the SEC and has examined whether securities-linked event contracts fall under SEC jurisdiction as security-based swaps, distinct from CFTC-regulated derivatives.
Who chairs the Senate Banking Committee?
Chairman Tim Scott (R-SC); Ranking Member Elizabeth Warren (D-MA).
Did Senate Banking Democrats call for a hearing on Kalshi?
Yes, all 11 Democratic members sent a letter on September 23, 2026, requesting a public hearing after Republicans held a private roundtable with Kalshi.
What regulatory questions has the Senate Banking Committee raised about event contracts?
Democrats have questioned whether corporate-performance contracts meet the definition of security-based swaps, which would shift oversight from the CFTC to the SEC.
Has the Senate Banking Committee launched events on prediction markets regulation?
Coverage indicates the committee launched a Global Prediction Markets Forum to debate the regulatory status of prediction markets as financial products, betting products, or an undefined category.