The push for a public hearing follows a report that the committee intended to host a restricted roundtable for GOP members only. Kalshi is currently facing a Ninth Circuit ruling against its sports contracts and enforcement actions across multiple states, increasing the regulatory scrutiny facing the company.
Tuesday, October 20, 2026
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11 Senate Banking Democrats Demand Public Hearing After Kalshi GOP Meeting
US Politics26 days ago
All Democratic members of the Senate Banking Committee asked Chairman Tim Scott on Sept. 23 to hold a formal session to discuss the operation of prediction markets. The request came the same morning that committee Republicans conducted a meeting with Tarek Mansour, the chief executive officer of Kalshi, a leading platform in the sector.
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