Story perspectives

Senate Hearing Flags Prediction Markets as Child Gambling Risk

5/21/2026

Summary

Story summary

Senate Committee on Commerce, Science and Transportation held a prediction-market regulation hearing on May 20 2026.
Sen. John Hickenlooper (D-Colorado) said prediction markets are gambling.
Rep. Byron Donalds (R-Florida) warned Congress may struggle to pass a regulatory bill.
CFTC Chair Mike Selig asked whether age restrictions should apply to prediction markets.
Harry Levant, director of gambling policy at the Public Health Advocacy Institute, said lack of regulation endangers children.

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Story summary

Senate Committee on Commerce, Science and Transportation held a prediction-market regulation hearing on May 20 2026.
Sen. John Hickenlooper (D-Colorado) said prediction markets are gambling.
Rep. Byron Donalds (R-Florida) warned Congress may struggle to pass a regulatory bill.
CFTC Chair Mike Selig asked whether age restrictions should apply to prediction markets.
Harry Levant, director of gambling policy at the Public Health Advocacy Institute, said lack of regulation endangers children.