Pennsylvania’s gambling regulator wrote to federal officials to warn about risks posed by sports prediction markets, according to the report. The available text gives no further details about the letter or the regulator’s specific concerns.
The warning signals regulatory scrutiny of sports prediction markets in Pennsylvania.
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It was reported that New Jersey’s casino industry wants federal limits on sports-related prediction-market contracts. The industry argues that such offerings may conflict with state gambling laws.
Reportedly, Culinary Workers Union Local 226, Las Vegas's largest labour union, supports a federal bill to block prediction markets from trading on sports and casino-style events. Nevada's congressional delegation is prominent in the Washington push to change which events prediction markets may offer.
Nevada Representative Dina Titus called for federal legislation to restrict prediction-market contracts on sports and casino-game outcomes, speaking at a gambling conference in Las Vegas. Her proposed Fair Markets and Sports Integrity Act would bar platforms including Kalshi and Polymarket from offering those contracts without state licences; the proposal’s progress remains uncertain.
Kentucky Attorney General Russell Coleman joined a multi-state coalition arguing that the Commodity Futures Trading Commission lacks jurisdiction over sports-related event contracts offered by prediction market platforms. The coalition said the contracts resemble sports betting products regulated by states and called on the federal government to recognise state authority.
A federal judge in Michigan denied Polymarket’s request for a preliminary injunction against state officials on 17 June. Judge Paul Maloney said the company had not shown immediate irreparable harm or a likelihood of success on the merits while its case continues.