Prediction markets pose a “massive threat” to state-level gambling, says AGA VP

Prediction markets pose a “massive threat” to state-level gambling, says AGA VP

American Gaming Association (AGA) VP of government relations Tres York has warned that prediction markets pose a “massive threat” to state-level gambling regulation. Speaking on a panel at G2E in Las Vegas on Monday, 6 October, York suggested that the proliferation of prediction markets such as Kalshi, Robinhood, and Crypto.com posed a serious challenge to existing legislation. Since December 2024, prediction markets have been rolling out sports…