Trump Media and Technology Group announced Truth Predict, its own prediction-markets platform in the United States. The report says global weekly trading volume in prediction markets has exceeded $5bn, while the CFTC treats the products as financial contracts rather than gambling.
Truth Predict adds a US platform amid debate over whether prediction-market contracts are financial products or gambling.
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Reportedly, the American Gaming Association expects Americans to stake $29.5bn on the NFL through regulated sportsbooks this season. The association forecasts little change in betting handle as prediction markets attract a larger proportion of wagering spending.
The American Gaming Association forecasts that Americans will legally wager $29.5bn through regulated commercial sportsbooks during the 2026 NFL season, compared with $29.4bn the previous season. AGA president and chief executive Bill Miller said prediction markets have stalled growth in legal betting, while the association estimated they had diverted more than $1.3bn in potential state gaming tax revenue since 2025.
Minnesota state authorities argued in a court filing that the CFTC cannot regulate prediction markets covering sports, politics and other events. The filing contends that federal law does not override state authority and that Kalshi and Polymarket should be barred from offering these markets to Minnesota residents. It also alleges that President Donald Trump’s stance on the sector may benefit his business interests.
DraftKings is promoting its DraftKings Predictions platform in California and pursuing expansion in Georgia, Texas and Florida, according to the report. The article says prediction-market operators argue their products fall under Commodity Futures Trading Commission regulation rather than state gambling laws, a position disputed by some state regulators. It also reports that the debate has divided the gambling industry.
The Texas Senate State Affairs Committee heard testimony on whether the state could limit prediction-market platforms offering sports event contracts, according to the reported account. American Gaming Association vice-president Tres York urged legal action against the operators, while Kalshi legal and compliance head Robert DeNault argued that advertising limits, risk disclosures and protections for younger customers could address concerns without a ban.