A group of prediction market operators, including Kalshi, Crypto.com, Robinhood, and Coinbase, says states are working with casino lobby groups to stop them from offering event contracts.
The Coalition for Prediction Markets, comprising various operators, has raised concerns about states teaming up with casino lobby groups to impede their ability to provide event contracts. The group highlighted similarities between a letter authored by a Maryland gaming regulator and a text originally crafted by casino lobbyists in April.
