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Carl Kennedy Testifies Before Congress on Prediction Markets, Drawing National Media Coverage

Partner Financial Markets and Regulation Co-Chair Carl Kennedy testified before the US House of Representatives Agriculture Committee on July 21, as part of a high-profile hearing examining the rapid growth of sports-related prediction markets and the federal framework that governs them. The hearing, held before the Subcommittee on Commodity Markets, Digital Assets and Rural Development and chaired by US Rep. Dusty Johnson, brought together a panel of industry and regulatory experts to discuss market integrity and customer protection in sports-related event contract markets.