Story perspectives

Congressional Hearing Sparks Debate Over Prediction Markets' Integrity

12/14/2025

Summary

Story summary

Jeff Miller, an NFL executive, testified at a congressional hearing that prediction markets pose risks to contest integrity because they operate in all 50 states and lack safeguards.
The NCAA supported the NFL's stance, criticizing the unregulated nature of these platforms.
Prediction market operators Kalshi and Polymarket argued they comply with federal regulations.
Traditional sportsbooks plan to launch their own prediction markets, intensifying the regulation debate.

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Story summary

Jeff Miller, an NFL executive, testified at a congressional hearing that prediction markets pose risks to contest integrity because they operate in all 50 states and lack safeguards.
The NCAA supported the NFL's stance, criticizing the unregulated nature of these platforms.
Prediction market operators Kalshi and Polymarket argued they comply with federal regulations.
Traditional sportsbooks plan to launch their own prediction markets, intensifying the regulation debate.