AGA says it will challenge prediction markets competing with sportsbooks
American Gaming Association chief executive Bill Miller said the group would contest prediction markets that it views as competition for regulated sportsbooks. Kalshi says its sports contracts are regulated derivatives approved by the CFTC, while lawsuits in several states challenge their treatment; the source also reports that a Maryland judge ruled against Kalshi’s attempt to offer sports contracts there in August.
The disputes could affect how prediction-market sports contracts are treated alongside state-regulated betting.