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Adam Schiff: “I also don't want to see the Coast Guard funding held up or…”

Featuring: Adam Schiff, Democratic | U.S. Senate, California

Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations

Published March 25, 2026 | Video Starts at 14:29

The way it's usually. Once again, it's business. The business as usual right now is people getting killed in the streets. So I'm not for that business as usual. But I also don't want to see the Coast Guard funding held up or FEMA funding held up or TSA funding held up. And we should, I think, narrow down to the things we disagree and keep negotiating on that. With respect to other things, we should focus on fund them. (14:29–14:36)

CLAIM

Asserts opposition to holding up funding for the Coast Guard, FEMA, and TSA.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Adam Schiff

“We saw a billion dollars of trading in prediction contracts just over the Super Bowl alone.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 01:51-01:57
“We've seen reports, for example, recently that someone with 93% accurate accuracy has been predicting what's been going on in the Iran war.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 03:01-03:11
“We're seeing [the CFTC Chairman] actively intervening to support these prediction markets, notwithstanding that they're really…”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 01:28-01:38
“In California we don't allow sports betting. It ought to be up to the states to decide what kind of gambling goes on within their state.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 01:38-01:46
“When it is completely unregulated like this, you could have vast amounts of insider trading.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 02:41-02:52
“The CFTC chairman is moving in a completely different direction of essentially unlicensed, unregulated activity here.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 05:34-05:42
“We should make sure the TSA gets funded, that we deal with this urgent crisis at the airports.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 06:54-07:00
“The federal government can't simply compel local law enforcement to become ICE agents or border patrol agents.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 08:36-08:45
“We should have a strong border. But we should also make sure that our ICE agents are operating lawfully.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 12:42-12:50
“Before we fund, for example, ICE agents or Customs and Border Protection, we should insist on certain safeguards.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 13:37-13:45
“I think we've had 10 votes to fund TSA.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 14:07-14:11
“We need to get those TSA security people paid and address those long lines at the airports.”
Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations | Uploaded March 25, 2026 | 14:46-14:53