The sports betting industry has run largely without federal guardrails since the Supreme Court cleared the path in 2018. In eight years, it has grown into a $165 billion market operating across 39 states and the District of Columbia. Prediction markets like Kalshi have built a fast-growing foothold in that window. Now Congress is paying attention, and the industry should welcome it. On May 20th, the Senate Commerce Subcommittee on Consumer Protection, Technology, and Data Privacy convenes a hearing titled " No Sure Bets: Protecting Sports Integrity in America ." Senator Marsha Blackburn of Tennessee is chairing. The witness list tells the story: former Congressman Patrick McHenry will represent the Coalition for Prediction Markets, sitting alongside the CEO of the American Gaming Association and a pair of integrity and compliance specialists. That is not a panel assembled to bury prediction markets. That is a panel assembled to have a real conversation about where the industry goes next.…