Key Takeaways:
AGA Q1 2026 outlook: 81% of gaming executives flag prediction markets as “very significant” threat.Four major operators exited AGA in six months: Draftkings, Fanduel, Fanatics, and bet365.Senate Commerce subcommittee opens first prediction-markets hearing on May 20.Subcommittee chair Marsha Blackburn has indicated she intends to deliver a recommendation framework before the August recess, with the Senate Commerce and Banking Committees expected to reconcile competing approaches before the 2026 midterms consume the legislative calendar.
The May 20 hearing will mark the first occasion on which the realigned lobbying ecosystem of the past six months tests itself before a Senate body – and the first time the AGA’s narrowed coalition argues its position without the country’s largest online sportsbooks at the table.
