Derby Bets Excluded From Prediction Markets As Tracks Guard Wager Rights

Prediction platforms like Kalshi and Polymarket don’t offer Kentucky Derby bets because track owners (Churchill Downs) require explicit permission and licensing to wager on races, a process rooted in the Interstate Horseracing Act. Regulators and states debate licensing for prediction markets, while Kentucky considers bans and a tax on prediction-market activity; traditional Derby betting remains robust.