U.S. gambling industry organizations, tribal gaming associations, and several unions are urging Congress to include provisions in the ongoing cryptocurrency legislation to explicitly ban prediction market platforms like Kalshi from offering sports betting services. The joint statement argues that prediction markets have driven a massive expansion of gambling activities in the U.S. over the past 18 months without voter approval or specific legislative authorization, and they assert that sports betting does not fall under the regulatory scope of the U.S. Commodity Futures Trading Commission (CFTC). The American Gaming Association (AGA) previously estimated that states have lost approximately $1 billion in gambling-related revenue to prediction markets since 2025, but the platforms in question dispute this claim. (Semafor) https://www.(wublock123.com)/news/gambling-groups-urge-congress-limit-kalshi-sports-betting-62928