‘Not behind closed doors’: Senate Banking Democrats call for prediction markets hearing as GOP meets privately with Kalshi

60-second summary

Democratic senators on the Senate Banking Committee press chair Tim Scott to schedule a hearing on prediction‑market regulation after Republicans convene privately with Kalshi, the first federally regulated exchange for event contracts; they argue transparency is essential as the nascent market could influence price discovery for political and economic outcomes, potentially reshaping financial‑industry risk‑management practices.