States are coming after prediction markets — and setting up a costly legal battle over who gets to regulate them
Prediction markets like Kalshi are regulated in different ways across states. There’s a better way for them to thrive.
Prediction markets like Kalshi are regulated in different ways across states. There’s a better way for them to thrive.
BELLINGS Intelligence Score: 38
Why it matters
This regulatory dispute over prediction markets involves multiple states and could lead to costly legal battles, potentially affecting the regulatory landscape and market structure for an emerging financial technology sector, making it notable for credit-market professionals.
Sources
MarketWatch
States are coming after prediction markets — and setting up a costly legal battle over who gets to regulate them
Prediction markets like Kalshi are regulated in different ways across states. There’s a better way for them to thrive.