AGA and IGA send second letter to Congress demanding action on prediction markets
The American Gaming Association and the Indian Gaming Association sent a second letter to Congress on Friday, May 15, repeating their January 12 call for federal action against prediction market event contracts, according to Intergameonline.com. The AGA and IGA first wrote lawmakers on January 12. Both letters targeted event contracts offered by prediction market platforms. The NFL has also joined the AGA and IGA in pressing Congress and the CFTC to rein in prediction market operators, Next Predict reported Monday, May 18. None of the sources specified proposed legislation or regulatory measures.
Kalshi and Polymarket now face a unified federal lobbying front from the AGA, IGA, and NFL while simultaneously defending against state enforcement in Ohio, Wisconsin, and Massachusetts. Any congressional statute banning event contracts would nullify the CFTC preemption defense both platforms are currently litigating.
Brings to three the formal league-trade-body coalitions opposing CFTC-regulated event contracts, after the NFL's separate engagement with CFTC Chair Selig and the four New Mexico tribes' parallel compact challenge against Kalshi.