US gaming industry groups urge Senate to ban sports prediction markets in crypto bill: report

US gaming industry groups have voiced strong opposition to the inclusion of sports and casino-style prediction markets in a proposed crypto bill, arguing that these could lead to increased gambling problems and regulatory challenges. This push comes amid growing concerns about the potential for these markets to blur the lines between legal betting and harmful gambling. The industry's stance highlights the broader debate about the regulation of cryptocurrency markets and their intersection with traditional industries like gaming and sports betting.