A major legal clash could come soon over the future of prediction markets like Kalshi and Polymarket. The New Jersey attorney general has asked the Supreme Court to decide whether states should have the authority to regulate the budding industry.
Unlike bets on a sportsbook app, where you’ll face very specific rules depending on where you are because states make the rules for gambling, prediction markets that allow people to trade on real-world events are regulated by the U.S. Commodity Futures Trading Commission.
Allowing people to trade on everything from who will win the Super Bowl to who will take the
Our editorial team includes several staff writers, each contributing their specialized knowledge to enhance the depth and breadth of our event and story coverage.