Event overview
‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets
Utah lawmakers are forming a united front to push a ban on prediction markets, with Republican leaders portraying them as gambling and out of step with state values. The Guardian US notes the state’s conservative stance and strong anti-gambling traditions, while NBC News reports a wider national debate as a senate hearing grows attention to prediction markets and related lobbying efforts. NPR highlights bipartisan calls for prohibition and notes that House members and staff can still engage in prediction markets, alongside a proposal to bar staff from using insider information. The Guardian cites Kalshi and Polymarket as firms facing scrutiny, and Article 1 reports the CFTC’s challenge to Minnesota’s ban, illustrating ongoing regulatory pushback against the market.
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‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets
Utah’s heavily Mormon population is largely opposed to all gambling, even on financial exchange platforms Utah is home to some of the strongest anti- gambling laws in the US, with vehement opposition dating back more than a century . But as prediction markets have surged – allowing users to bet on almost anything.
Prediction market ‘watchdog’ launches six-figure ad campaign ahead of Senate hearing
A group that says its mission is to serve as a prediction market “watchdog” is launching a six-figure ad buy focused on digital and billboards this week in the Washington, D.C., media market, timed to coincide with a Senate Commerce Committee hearing examining the expansion of gambling and prediction markets. The.
House holds off on prediction market ban despite bipartisan calls for prohibition
FILE - The prediction market app Kalshi is displayed on a mobile phone, April 16, 2026, in Chicago. (AP Photo/Erin Hooley, File) Erin Hooley/AP/AP hide caption Unlike Senate members and staff, House lawmakers and staff can still bet on prediction markets — where billions are bet each week on sports, culture, policy.
Wall Street regulator sues to block Minnesota’s first-in-nation ban on prediction markets
See more of our coverage in your search results. The Commodity Futures Trading Commission on Tuesday filed a lawsuit seeking to block Minnesota from enforcing a newly enacted law that made the state the first nationally to outright ban prediction markets like those run by Kalshi and Polymarket. The federal regulator.