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, consisting of various operators, has raised concerns that states are collaborating with casino lobby organizations to hinder their ability to provide event contracts. This comes in response to a letter from a Maryland gaming regulator, which the group claims echoes language from a document prepared by casino lobbyists back in April.
