A compromise between the warring parties is unlikely in the increasingly bitter regulator-versus-states battle for control of prediction markets, say experts.
The Commodity Futures Trading Commission (CFTC) has filed lawsuits against nine states whose attorneys general have attempted to block or restrict platforms such as Kalshi and Polymarket from operating in their jurisdictions. The ongoing conflict reflects the escalating tensions in the regulatory landscape surrounding prediction markets.
Legal experts caution that a resolution between the CFTC and states is improbable, as the battle intensifies over the operation and oversight of prediction market platforms like Kalshi and Polymarket.
