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Sports BettingMay 22, 2026·1 min read
U.S. Senate Hearing on Sports Betting and Prediction Markets
The U.S. Senate Subcommittee on Consumer Protection, Technology and Data Privacy held a hearing on sports wagering, convened by U.S. Senator Marsha Blackburn. The Public Health Advocacy Institute’s Director of Gambling Policy, Dr. Harry Levant, testified at the hearing, warning that prediction markets offer an activity that is no different from gambling.
Dr. Levant urged Congress to recognize prediction markets as a form of gambling, encouraging them to develop and implement a federal-level framework for the fast-growing sports betting industry. He argued that prediction markets constitute gambling, explaining that such platforms 'meet the very definition of gambling.'
Dr. Levant also addressed the growing concerns related to the normalization of gambling in the context of the partnerships between sports leagues and sportsbooks, data providers. He warned about the growing number of partnerships between sports leagues, data providers and gambling platforms, stating that 'The sports leagues have sold their integrity to the gambling industry.'
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