Senators clash with industry officials over sports betting expansion and prediction markets during hearing

A Senate panel spent hours Wednesday (May 20) hearing whether America’s fast-growing sports betting industry is outpacing the rules meant to control it. The Commerce, Science, and Transportation Committee’s hearing, titled “ No Sure Bets: Protecting Sports Integrity in America ,” brought together regulators, gaming executives, integrity specialists, and lawmakers who disagreed sharply over how prediction markets should be treated under federal law. The session took place inside the Russell Senat