US Senate Banking Committee to hold closed GOP roundtable on prediction markets

• —The meeting will take place during the week of September 22; the agenda and participant list have not been disclosed
• —The CLARITY Act (H.R. 3633) failed on September 15 with a 49-50 vote
• —In June, the House Financial Services Committee held a similar GOP roundtable with Kalshi, Polymarket and Robinhood
• —The key question is whether prediction markets should be classified as derivatives, gambling or another asset class