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House Representatives Steven Horsford and Mark Amodei introduced the Prediction Markets Are Gambling Act on July 24, 2026, joining a Senate companion bill to ban sports and casino-style prediction contracts from federally regulated exchanges.
Congressman Josh Gottheimer's facial recognition age verification bill has Kalshi's support, but critics say it contains language that could widen the CFTC's approval of gaming style contracts.
A House Agriculture subcommittee will examine customer protections and market integrity in sports event prediction markets on July 21, 2026. Here is who is testifying, what is at stake, and why the CFTC and the states are on a collision course.