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CFTC proposal to set prediction market rules draws opposition across 20 states

Regulation

The CFTC proposal on federal rules for sports and other prediction-market contracts has drawn objections from lawmakers, tribes, casinos, consumer advocates and former agency officials. Public comments reviewed in the report said authorities and industry groups in 20 states regard sports contracts as illegal gambling that should remain under state and local control; the proposal would likely permit contracts on scores and tournament results while restricting others.

The proposal could determine which sports contracts prediction-market platforms may offer and how federal rules intersect with state control.

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Regulation

New US governors reshape gambling expansion outlook across six states

Media reports said the 2026 election shifted prospects for gambling expansion in several states ahead of their 2027 legislative sessions. New governors in Georgia, Ohio, Oklahoma, Alabama and South Carolina were described as more open to expansion than their predecessors, while Minnesota Democrats gained control of the governorship and both legislative chambers. The reports also noted rejected gambling ballot measures and industry concerns about tighter rules and higher taxes.

Alabama, Georgia, Ohio, Oklahoma and South Carolina have incoming governors who look friendlier to expanded gambling than the officials they succeed. A sports betting bill led by tribes has better prospects in Minnesota, where Democrats now hold the governorship along with both legislative chambers.

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