Why congresswoman Dina Titus plans to put an end to Sports Prediction Markets

🎙️ NEXT.io Podcast #260 with Congresswoman Dina Titus | US Gaming Policy, Prediction Markets & The Fair Bets Act

In this episode, Congresswoman Dina Titus — Representative for Nevada’s 1st District (home to Las Vegas) — discusses the growing regulatory battle around prediction markets and sports event contracts in the United States.

As co-chair of the Congressional Gaming Caucus, Titus recently introduced the Fair Markets and Sports Integrity Act, a bill designed to prevent prediction market operators from offering sports-based contracts outside established state gaming frameworks.

⏰ Timestamps:

00:00 – Introduction

00:26 – Sponsors message

01:45 – Welcoming Congresswoman Dina Titus

02:37 – Titus’ background and representing Las Vegas

03:49 – The Fair Markets and Sports Integrity Act

05:29 – Prediction markets vs regulated sportsbooks

06:42 – Why the CFTC shouldn’t regulate sports contracts

08:26 – The political fight over prediction markets

09:53 – Real risks for players and the industry

11:12 – Could prediction markets expand across gaming?

13:09 – Industry divisions and the role of the AGA

16:07 – Innovation vs regulation debate

18:03 – The Fair Bets Act and the 90% tax deduction issue

20:31 – What happens next in Congress

22:16 – Engagement with prediction market operators

23:01 – Closing thoughts

🔔 SUBSCRIBE TO THE PODCAST

YouTube: https://www.youtube.com/@nextdotio/podcasts

CONNECT WITH NEXT.IO

✩ Website: https://next.io/

This episode of NEXT.io is brought to you by:

Pragmatic Solutions – Leading iGaming platform technology

https://pragmatic.solutions/

Pragmatic Play – Industry-leading content provider

https://www.pragmaticplay.com/en/