US regulators challenge prediction-market platforms over licensing and gambling
Prediction-market platforms face regulatory and legal challenges in the US, according to the report. It says Nevada regulators sought to block Kalshi over licensing concerns, while Arizona escalated enforcement concerning election betting; the Commodity Futures Trading Commission has taken a more open approach to some event contracts, but that treatment remains contested.
The competing regulatory approaches create uncertainty for prediction-market operators over licensing and state gambling restrictions.