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‘Not Behind Closed Doors’: Senate Banking Democrats Call for Prediction Markets Hearing as GOP Meets Privately with Kalshi
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The dispute over the future of predictive markets reached the U.S. Senate Banking Committee, where Democrats demand a public hearing on the same day that Republicans met in private with Kalshi. The clash reflects the struggle between the CFTC, the SEC and states to define which authority should oversee these products.
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BizToc
BizToc‘Not behind closed doors’: Senate Banking Democrats call for prediction markets hearing as GOP meets privately with Kalshi
Every Democrat on the Senate Banking Committee is urging its chair, Sen. Tim Scott, to hold a congressional hearing on prediction markets.
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