Morning Brew Daily Congress Wants to Ban Prediction Markets & Clear Scores from TSA Chaos
90 snips
Mar 27, 2026 Congress takes aim at prediction markets tied to sports, politics, and even the military. Big cities like LA, Miami, and New York are losing people. Airport security headaches are giving Clear a boost. The US also cracks down on foreign-made internet routers, setting up a new consumer tech fight.
AI Snips
Chapters
Transcript
Episode notes
Prediction Markets Face A Two Front Crackdown
- Congress is targeting prediction markets from two sides: states see sports contracts as backdoor sportsbooks, while federal lawmakers fear insider trading on politics and government actions.
- Sports drives the business anyway; Toby Howell said 90% of Kalshi's 2025 NFL-season volume came from sports, with March Madness volume topping $2.67 billion there alone.
The Gambling Backlash Is Spreading Beyond Sportsbooks
- The backlash is not just legal turf war; it reflects a broader bipartisan discomfort with turning everything into a wager.
- Neil Freeman highlighted MLB's Polymarket deal and AOC's warning that pervasive gambling fuels addiction, debt, domestic violence, and manipulation.
Immigration Slowdown Is Hitting Big City Growth
- Big metros are shrinking because the US demographic model relies on immigration to offset weak birth rates and domestic outflows.
- Miami lost 114,000 residents to other US areas, LA lost 131,000, and Neil Freeman said the long-standing US immigration cushion now looks like it is drying up.