Federal vs. State Clash Intensifies Over U.S. Prediction Market Regulation as States Label It Gambling and Feds Assert Exclusive Jurisdiction
The United States is witnessing an intensifying legal and regulatory battle over prediction markets, with federal authorities clashing with state governments over who holds the power to oversee these financial instruments. At the heart of the dispute is whether prediction market contracts—such as those offered by platforms like Kalshi and Polymarket—should be classified as gambling … Read more
