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 accused states of joining forces with casino lobby groups to hinder their provision of event contracts. This comes after a Maryland gaming regulator-penned letter was found to echo language from a document prepared by casino lobbyists in April.
