Senate Democrats Demand Public Hearing On Prediction Markets

TL;DR All 11 Democrats on the U.S. Senate Banking Committee have called for a public hearing on prediction markets. The request followed a private meeting between Republican committee members and Kalshi CEO Tarek Mansour. The lawmakers say securities-linked prediction products could raise issues that fall within the Banking Committee’s oversight responsibilities. Prediction markets are becoming a bigger issue on Capitol Hill, and lawmakers are now arguing about how the industry itself should be