Nevada Representative Dina Titus has called for stronger federal oversight of prediction markets offering sports and casino-style contracts, warning they operate outside the consumer protections built into state-regulated gambling. Speaking at a major gambling research conference in Las Vegas, Titus emphasized that platforms like Kalshi and Polymarket are using Commodity Futures Trading Commission (CFTC) authority to bypass state licensing, anti-money laundering rules, age verification, and responsible gaming standards.

Titus, co-chair of the Congressional Gaming Caucus, introduced the Fair Markets and Sports Integrity Act to block such platforms from offering sports-linked contracts without state approval. She argued that the 2018 Supreme Court decision allowing state-level sports betting did not authorize these new financial-style wagers, creating a regulatory gap. Legal sportsbooks rely on integrity monitoring to detect suspicious betting patterns, a safeguard absent in unregulated markets.

Titus also supports broader tax reforms in gambling, including restoring full deductions on gambling losses and repealing a federal excise tax on sports wagers. She maintains that Nevada’s regulatory model—built on consumer protection and fair play—should guide national policy as new technologies test existing boundaries.