The American Gaming Association board elected Delaware North CEO Louis “Lou” M. Jacobs as its next chairman, the association said. Jacobs will begin a two-year term in January, succeeding Michael Rumbolz, who has held the position since January 2024.
Jacobs’s two-year term changes leadership at a trade association involved in industry policy and responsible-gambling programmes.
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The American Gaming Association estimated that prediction markets have cost US states and tribal governments more than $1 billion in tax revenue, according to its latest report. AGA chief executive Bill Miller said federal oversight of the platforms is inadequate, while state authorities and platform operators dispute whether the products fall under state gaming rules or federal jurisdiction.
American Gaming Association chief executive Bill Miller told a US Senate subcommittee on 20 May that the Commodity Futures Trading Commission should focus on financial markets rather than sports betting. Miller argued that prediction markets present sports betting as financial contracts, while Coalition for Prediction Markets senior adviser Patrick McHenry defended operators’ safeguards and the CFTC’s oversight role.
The American Gaming Association told a US Senate subcommittee that sports prediction markets operate outside state and tribal gaming frameworks. President and CEO Bill Miller said sports-related activity accounts for about 86% of Kalshi’s business and has generated more than $47 billion in trading volume this year; he cited $227,000 in sports-related volume in 2024. Miller urged lawmakers to preserve states’ authority over sports betting.
The American Gaming Association urged Congress at a Senate subcommittee hearing on 20 May to prevent prediction markets from offering sports contracts in the USA. Its president, Bill Miller, argued these products amount to sports betting and bypass state and tribal protections; a representative for the Coalition for Prediction Markets disputed that comparison.
The American Gaming Association (AGA) said it would focus on prediction markets in 2026 after its work helped push sweepstakes casinos out of many key US markets in 2025. AGA President and CEO Bill Miller said the association views prediction platforms as operating outside state and tribal sports-betting frameworks. The AGA report put 2025 US commercial gaming revenue at $78.6bn, up 9%.