Regulation & Policy

Tracking the rules shaping prediction and crypto markets — from CFTC oversight and state-level battles to federal legislation and legal challenges between platforms and regulators. We break down what the policy shift means for traders and the industry.

States are moving to tax prediction market platforms based on in-state user activity, even as federal regulators assert exclusive authority over how those markets operate

Regulation & Policy

Kentucky Leads New State Push to Tax Prediction Markets, Testing Limits of State Authority

Kentucky has become the first state to pass legislation explicitly taxing prediction market platforms, marking a shift in how states are approaching the fast-growing industry. The measure,...

Mike Breen

April 3, 2026

Regulation & Policy

CFTC Leaders Set Enforcement Priorities, Press Exchanges on Insider Trading and Manipulation

CFTC's David Miller: "We will aggressively detect, investigate, and, where appropriate, prosecute insider trading in the prediction...

Pat Evans

April 2, 2026

Congress is moving to tighten oversight of prediction markets, with new proposals targeting insider trading, sports contracts, and government participation

14 Prediction Market Bills and Counting Reveal Deep Divisions, Long Odds

14 prediction market bills have been introduced in 2026. Most focus on insider trading, war markets, sports markets and advertising. Analysts call the bills "messaging legislation", with no...

Mike Breen

April 1, 2026

Legal News & Updates

Texas Elevates Prediction Markets to 2027 Priority as Courts Shape the Rules

Texas Lt. Gov. Dan Patrick is pushing prediction markets onto the 2027 agenda as legal battles leave the regulatory framework unsettled. Federal preemption rulings may determine what comes...

Derek Helling

March 31, 2026

Industry

Kalshi Campaign Calls Out Key Misconceptions Emanating from Congress

Kalshi launched an ad blitz in D.C. in response to the wave of Congressional pressure, much of which has leaned on some critical misconceptions of regulated prediction markets like Kalshi....

Valerie Cross

March 30, 2026

Industry

NFL Pushes Kalshi, Polymarket to Limit Manipulation-Prone Sports Markets

Letters to all regulated prediction market platforms offering NFL markets signal a more direct push by the NFL to restrict markets easily subject to manipulation like player injuries and...

Mike Breen

March 30, 2026

Rep. Seth Moulton has banned staff in his office from participating in prediction markets, as lawmakers introduce new legislation aimed at limiting insider trading and restricting event-based contracts.

Regulation & Policy

Rep. Seth Moulton Bars Staff From Prediction Markets as New Bills Target Insider Trading

Rep. Moulton is first member of Congress to impose office-level prediction market restrictions, while the PREDICT Act becomes the latest bill targeting insider trading by government...

Mike Breen

March 26, 2026

Coinbase rejects stablecoin yield prohibition

Crypto

Coinbase Rejects Stablecoin Yield Ban in New Clarity Act Draft as Experts Weigh In

As Coinbase rejects a new Clarity Act draft that prohibits passive stablecoin yield, some experts warn the approach amounts to “protectionism” against crypto’s biggest competitive...

Iliana Mavrou

March 26, 2026

Magnified trading activity around a potential Iran ceasefire highlights growing scrutiny over insider trading risks in prediction markets

Regulation & Policy

Iran Ceasefire Trades Again Spotlight Insider Trading Rules in Prediction Markets

Well-timed trades ahead of a U.S. policy shift have come under scrutiny on Polymarket and highlight differences in how insider trading is handled across...

Mike Breen

March 25, 2026

A bipartisan Senate proposal aims to block sports event contracts on prediction market platforms, as lawmakers move to set clearer limits on CFTC-regulated exchanges and their overlap with traditional betting markets.

Regulation & Policy

New Bipartisan Senate Bill Targets Sports Prediction Markets

The Prediction Markets Are Gambling Act would ban sports event contracts on CFTC-regulated platforms, highlighting growing scrutiny as lawmakers move to set clearer boundaries for...

Mike Breen

March 23, 2026

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