US Congress News & Prediction Market Coverage
Track the latest US Congress news across prediction markets. Prediction News is following 5 active US Congress stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
CFTC proposes twin rules classifying event contracts as swaps while carving out casino gambling
LegalBlumenthal expands congressional probe into AI and VIP practices at sportsbooks and prediction markets
LegalHouse Oversight expands insider-trading probe to Hyperliquid, Crypto.com, and PredictIt
OpinionKalshi and Polymarket push into drug and TV betting amid insider-trading and tax warnings
LegalNevada senators join Democratic push for CFTC ban on wildfire event contracts
Frequently Asked Questions
Is Congress banning sports prediction markets?
Gaming industry groups and a coalition of 56 organizations are lobbying the Senate to ban sports and casino-style event contracts from the pending Digital Asset Market Clarity Act.
What concerns does Congress have about prediction markets?
Lawmakers are focused on insider trading and national security risks, including the potential for trading on classified military operations or geopolitical events.
Is Congress restricting lawmakers from trading on prediction markets?
Congress is advancing legislation to prohibit members from trading on crypto prediction markets as part of broader ethics rules.
How is Congress responding to the CFTC event contract proposal?
Congress is reviewing the CFTC's June 2026 framework that permits sports contracts while banning war, terrorism, and certain other markets, amid separate calls for tighter rules.
What lobbying is Congress hearing on prediction markets?
UNITE HERE and tribal gaming interests are urging Congress to block sports event contracts, citing threats to jobs and violations of state and tribal law.