Senate Banking Democrats Demand Hearing on Prediction Markets

The partisan split is the real story: Democrats are framing prediction markets as a public-oversight question precisely as Republicans engage Kalshi privately, which turns procedural scheduling into a test of who sets the narrative on event contracts. The pressure lands on Scott, whose choice to convene or ignore a hearing signals how far the GOP wants to shield the sector from formal scrutiny. Whether the private meetings produce a public posture, or Democrats force the issue onto the committee calendar, is the open question worth tracking.