AGA and tribal gaming lobby ask Congress to block prediction market event contracts
The American Gaming Association and the Indian Gaming Association sent a letter to Congress on Friday asking lawmakers to block prediction market event contracts, escalating their joint campaign against the sector. The AGA separately said Monday that prediction markets pose an 'existential threat to Americans and the legal gaming industry,' and an AGA Q1 2026 outlook found 81% of gaming executives view prediction markets as a very significant threat. The lobbying push comes as platforms including Kalshi and Polymarket expand into sports and political event contracts, and as FanDuel Predicts moved from a five-state December 22 launch to full national availability in 2026.
The combined AGA-IGA congressional lobbying push gives Kalshi and Polymarket a federal legislative threat to manage alongside the state enforcement actions already filed in Ohio, Wisconsin, and Massachusetts. Any statutory ban on event contracts would override the CFTC preemption defense the platforms are currently litigating.
The AGA now leads three opposed fronts against prediction markets—congressional lobbying, tribal-casino alliance-building, and state-level ban campaigns—after Miller's federal-regulator broadside two days ago and the tribal suit against Kalshi launched yesterday.