A Senate committee this week will examine how to “strengthen oversight, protect the credibility of competition.”

A Senate committee this week will examine how to “strengthen oversight, protect the credibility of competition.”

FairPredicts launched a six-figure DC ad campaign targeting Kalshi as Senate scrutinizes prediction markets amid insider trading concerns and state lawsuits.

Sports betting on firms such as Kalshi was the focus of questions over advertising to children, cheating from athletes and undermining regulated gaming.

Senators at a Commerce Committee panel hearing aired concerns Wednesday about rapidly growing prediction markets, appearing largely unswayed by industry arguments that they are…