State gambling regulators and prediction market platforms are currently battling over whether sports event contracts are violative of state gambling laws in federal courts across the country. The prediction market platforms have sought to enjoin the regulators from enforcing state gambling laws against sports event contracts. 22 Dan Santaromita and Hannah Vanbiber, Are prediction markets just sports betting by another name? 9185-26, CFTC Enforcement Division Issues Prediction Markets Advisory (Feb. 25, 2026), available at https://www.cftc.gov/PressRoom/PressReleases/9185-26. 25 Michael S. Selig, Chairman, CFTC, The Next Era of American Markets Leadership at the FIA Global Cleared Markets Conference (Mar.

Source: Forbes March 30, 2026 17:48 UTC