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Records show casino lobbyists posed as Maryland gaming regulators
Documents obtained through public records show that a powerful casino lobbying group wrote a letter to federal officials on behalf of the Maryland Lottery and Gaming Control Agency.
Last year, Maryland gaming officials sent a letter to the Commodity Futures Trading Commission (CFTC), urging them to take action against prediction markets. However, public records reveal that this letter was actually written by the American Gaming Association (AGA), a high-profile lobbying group for US commercial casinos.
AGA's letter requested a crackdown on Polymarket and Kalshi
The CFTC regulates prediction markets as derivatives, making sites like Polymarket and Kalshi legal on a federal level. These operators allow users to trade contracts on future sporting events.