AGA CEO Miller calls federal prediction market regulator 'a joke,' vows industry fightback
American Gaming Association CEO Bill Miller called federal prediction market regulators a joke during a prediction markets-focused event and vowed the trade group would fight back against the sector, according to the AGA's latest industry outlook report published the week of May 11. Miller said illegal sports betting through sports event contracts is increasingly encroaching on legal, state and tribal-regulated operators, and acknowledged the AGA lacks definitive data on the sector despite its proliferation. The comments came after the AGA successfully campaigned against online sweepstakes casinos and signaled it would apply similar pressure tactics to challenge prediction market platforms. The remarks mark escalating lobbying conflict between established gaming interests and prediction market operators over regulatory oversight.
Kalshi and Polymarket must now defend against a federal legislative threat from the AGA's congressional lobbying alongside state enforcement actions in Ohio, Wisconsin, and Massachusetts. Any statutory ban on event contracts would override the CFTC preemption defense the platforms are currently litigating.
Joins the AGA's congressional lobbying push, its Commerce Committee testimony, and multiple state enforcement actions to create the broadest coordinated challenge yet against CFTC-regulated prediction markets by traditional gaming interests.