Prediction markets are under significant pressure in Washington. We sat down with a former member of Congress now tasked with fending off his one-time colleagues from a significant crackdown on the nascent sector.
Former Rep. Sean Patrick Maloney (D-N.Y.) now leads the Coalition for Prediction Markets, a trade group representing companies like Kalshi, Robinhood, Underdog, Crypto.com and Coinbase. We asked Maloney last week for his reaction to the Senate’s move to prohibit members and staff from interacting with prediction markets writ large.
