Stop Predatory Gambling

06/24/2026

Prediction markets are predatory gambling platforms hiding behind federal loopholes. We cannot let them manipulate our democracy and destroy lives any longer. Congress must stop stalling and pass legislation to ban prediction markets permanently—now.

Special thanks to National Board Member Russ Coleman for his excellent article: https://www.dallasnews.com/opinion/commentary/article/gambling-gaming-predictionmarkets-casino-22315102.php

The Dallas Morning News Texans Against Gambling United States Congress Senate Judiciary Committee Republicans U.S. Senate Democrats

Russell F. Coleman, chair of Texans Against Gambling, says stop using euphemisms for this dangerous habit.

06/23/2026

🚨NEW: Charles Schwab announced they are launching prediction markets that will let you bet "yes or no" wagers on the S&P 500

Just one year ago, Schwab CEO warned of the “conflation between gambling and investing” at the Impact conference for financial advisors. Now, they are plugging these exact betting tools directly into consumer bank accounts anyway

Congress must launch an immediate investigation into the CFTC for actively promoting and defending predatory gambling interests that are luring everyday Americans into a lifetime of debt.

Schwab founder Charles Schwab invested in Kalshi in 2021. Now the brokerage is launching binary options on predicting the S&P 500 through Cboe.

06/22/2026

This story highlights the need for congress to take immediate action to stop the deceptive and predatory actions that the CFTC is permitting.

The prediction market has flooded social media with deceptive videos by paid creators. ‘Is this just free money?’

06/12/2026

The business strategy of prediction markets(gambling) and sportsbook apps: make you think you can win

06/11/2026

06/10/2026

The NCAA once said legalizing sports gambling would destroy everything they've ever built. But, instead they invited them in, partnered with them, and engineered the nightmare we are seeing play out right before our very eyes

06/09/2026

One of the tactics of a predatory gambling operator playbook ✍ : promise hundreds of jobs to get it legalized, then cut those workers once their addiction for profit business model takes hold

For example, a FanDuel CEO claimed during the Illinois lobbying effort; "FanDuel would bring in 300 tech jobs to Chicago if sports betting is legalized and if the company is issued a mobile app license".

Fast forward to last week, FanDuel purged several hundred jobs, wiping up to 6% of its workforce in a single day. Executives dismissed the massive cuts as a "necessary" strategic move for the company to succeed.

06/08/2026

FIFA banned gambling ads inside the stadiums hosting games for the 2026 World Cup. But, starting this Thursday they’ll pocket millions by broadcasting gambling commercials directly to children watching at home

Read the full report by Common Sense Media how kids are being affected sports gambling ads here:https://www.commonsensemedia.org/sites/default/files/research/report/2026-betting-on-boys-report_final-for-web.pdf