Senate Banking Committee Democrats Push For Prediction Markets Hearing

Senate Banking Committee Democrats Push For Prediction Markets Hearing

MENAFN- Crypto Breaking) Senate Banking Committee Democrats have written a letter urging committee chair Tim Scott to hold a congressional hearing on prediction markets.

The demand came the same day Scott and Senate Banking Committee Republicans held a private meeting with Kalshi CEO Tarek Mansour.

Democrats Push For Congressional HearingSenate Banking Committee Democrats wrote a letter to Scott stating that the panel has a critical role in overseeing prediction markets and platforms like Kalshi. Several Democratic Senators, including Elizabeth Warren, Catherine Cortez Masto, Jack Reed, Mark Warner, Raphael Warnock, Ruben Gallego, and Angela Alsobrooks, signed the letter.

“It is critical that Congress examine prediction markets on a bipartisan basis in a public hearing-not behind closed doors in a Republican-only, industry-friendly roundtable.”

News of the meeting between Senate Banking Committee Republicans and Mansour was first reported by Punchbowl News. Scott confirmed the meeting in a separate statement sent to The Block. The Banking Committee Chair said the committee's Republican members and Kalshi officia...