News about prediction markets

A Reuters/Ipsos poll of 4,506 U.S. adults found most Americans oppose betting on election results through prediction markets, with 69% of Democrats and 61% of Republicans opposed. Even betting on professional sports drew opposition from 43% of respondents, versus 29% who supported it. The industry, led by Polymarket and Kalshi, is embroiled in lawsuits between states and federal agencies over who regulates these markets, as the Trump administration pursues federal rules through the CFTC while states push back. Many expect the dispute to reach the Supreme Court, and 39 states plus the District of Columbia have filed an amicus brief calling the clash a “national turf war.”