By SectorWire desk ·
Pennsylvania lawmakers are seeking state regulation of prediction markets through HB 2711. The report says the bill would neither impose taxes nor require licences, and would leave sports event contracts permitted.
Operators face proposed Pennsylvania prediction market regulation that would require neither taxes nor licences while permitting sports event contracts.
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The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
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Ohio’s request puts disputed state and federal authority over sports prediction market operators before the Supreme Court.
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