A coalition of casino, tribal gaming, and horse racing organizations sent a letter to the U.S. Senate urging lawmakers to use upcoming crypto legislation to clarify that sports betting belongs under state regulators, not the CFTC.
American commercial gaming revenue reached a record $6.73 billion in May 2026, a 10.9 percent year-over-year increase driven by a 33 percent surge in iGaming and continued growth across sports betting and traditional casino games.
The AGA’s Q1 2026 Outlook reveals 81% of gaming executives fear prediction markets — yet the four operators who quit the AGA over this issue are the biggest names in US online betting.
AGA CEO Bill Miller and Nevada Gaming Control Board Chair Mike Dreitzer made their case against CFTC-regulated prediction markets at the Economic Club of Las Vegas — and the casino industry believes the courts will deliver the final verdict.
Senator Marsha Blackburn’s ‘No Sure Bets’ hearing on May 20 will put the AGA, prediction market advocates, and integrity experts in front of Congress to answer for match-fixing scandals and underage betting concerns.
The American Gaming Association and the Indian Gaming Association have issued a joint letter to Congress calling for legislation to ban sports event contracts on prediction market platforms. Two organizations that do not always agree are now aligned against the…
