11 Democratic Senators Urge Senate Banking Committee to Hold Hearing on Prediction Markets

Odaily: Eleven Democratic senators on the U.S. Senate Banking Committee are urging Committee Chairman Tim Scott to hold a hearing on prediction markets. Previously, the committee planned to hold a prediction market roundtable next week attended only by Republican senators, focusing on securities-based prediction markets, with a Kalshi representative expected to attend. Currently, primary regulatory jurisdiction over prediction markets falls under the Senate Agriculture Committee and the Commodity Futures Trading Commission.