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Pennsylvania gaming board urges Congress to challenge sports prediction markets

Regulation

Pennsylvania Gaming Control Board executive director Kevin O’Toole urged the state’s congressional delegation to ask the Commodity Futures Trading Commission to prohibit sports contracts on the trading platforms it regulates. In a letter to the delegation, O’Toole said the platforms’ claims of federal oversight conflict with Pennsylvania’s authority over gambling within the state.

The request highlights a dispute over whether federal or state rules govern sports-related prediction contracts.

End-of-day close DraftKings (DKNG), USD, to 21 November 2025
Story date25 August 202521 November 2025

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AGA urges Congress to restrict sports event contracts on prediction markets

The American Gaming Association urged Congress to classify sports event contracts as gambling and bar CFTC-registered platforms from listing them through self-certification. Testifying before a Senate Agriculture subcommittee, AGA senior vice-president Christopher Cylke said platforms including Kalshi and Polymarket operate outside state and tribal gambling systems. The association estimated that states and tribes had lost more than $1.2 billion in gaming tax revenue since sports contracts began.

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