Gaming Industry Advocates Call for Ban on Prediction Markets in Sports Betting Legislation
Industry groups are lobbying Congress to pass the CLARITY Act, which would clarify the Commodity Futures Trading Commission's authority over prediction markets in sports betting.
Editorial Staff
1 min read
Updated 2 days ago
On June 17, 2026, various gaming industry groups expressed their concerns regarding prediction markets in sports betting. They are urging Congress to enact a ban on these markets.
The focus of their lobbying efforts is the CLARITY Act, which aims to define the regulatory scope of the Commodity Futures Trading Commission (CFTC).
These groups argue that the CFTC currently lacks the necessary oversight authority to regulate prediction markets effectively.