Svmuu News: The gambling industry is joining forces with labor unions to urge lawmakers to include restrictive provisions in pending cryptocurrency legislation that would prohibit prediction markets such as Kalshi from offering sports betting. The American Gaming Association, along with the Indian Gaming Association, the Hotel and Gaming Council of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), and UNITE HERE, among other organizations, sent a joint letter expressing deep concern that prediction markets have driven the largest expansion of gambling in U.S. history over the past 18 months. The letter noted that Congress should use the cryptocurrency legislation to reaffirm the principle that sports betting falls outside the jurisdiction of the U.S. Commodity Futures Trading Commission and cannot be offered through prediction market platforms. (semafor)