✉news SportSports first seen 19 h ago, last 16 h ago, peak #12
Are Sports Prediction Markets Legal? Kalshi and Polymarket's State-by-State Status
Original: Are sports prediction markets legal? Status of Kalshi and Polymarket in all 50 states
Sports prediction markets from Kalshi and Polymarket operate in a legal gray zone across the United States, with their status varying from state to state. A new breakdown examines where the platforms are permitted to offer sports event contracts and where regulators have pushed back, as federal and state authorities continue to debate whether these markets count as regulated derivatives or unlicensed sports betting.
Why now: Prediction markets have surged in popularity for sports wagering, raising fresh questions about their legality as regulators scrutinize the platforms.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/408614