All articles tagged with #gambling regulation
Lawmakers are scrutinizing war-related prediction markets after bets on Iran escalate, with Sen. Chris Murphy promising legislation to ban or curb such markets; a Mick Mulvaney‑led group seeks tighter guardrails on prediction markets, while Kalshi says it bans death-related markets and refunded affected users, highlighting ongoing concerns about ethics and possible insider trading in federally regulated markets.
The NFL has shifted from opposing to cautiously embracing prediction markets, arguing they can engage fans and generate revenue but require clear regulation and safeguards to protect contest integrity; the change is driven by potential profits and owners' stakes in sportsbook companies.
Analysts say 18- to 20-year-olds may be fueling a surge in prediction-market trading, with HoldCrunch data showing Kalshi taking more college football trades than NFL or NBA; Kalshi and Polymarket trade 18+ in many cases, filling gaps where online sports betting is restricted and drawing regulatory scrutiny after NCAA President Charlie Baker asked the CFTC to curb college-game options. California and New York show notable non-traditional betting activity, suggesting these platforms attract skilled bettors and broaden wagering beyond regulated sportsbooks.