✉news WorldLaw & Courts first seen 22 h ago, last 2 h ago, peak #8
States Urge Supreme Court to Allow Prediction Market Regulation
Original: Bipartisan coalition of states urge Supreme Court to let them regulate prediction markets
A bipartisan coalition of US states has asked the Supreme Court to let them regulate prediction markets, which allow trading on the outcomes of future events. The states argue they should have authority over these platforms, which currently sit in a regulatory gray area overseen largely at the federal level. The case touches on ongoing disputes over gambling laws and the rapid growth of event-contract trading platforms such as Kalshi and Polymarket.
Why now: Prediction markets are expanding quickly and the Supreme Court's decision could reshape state authority over gambling and financial regulation.
Supreme Court of the United StatesKalshiPolymarket
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Evidence
- Bipartisan coalition of states urge Supreme Court to let them regulate prediction markets · Politico
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