At the same time, multiple U.S. states have taken action against prediction markets. Reports indicate 11 states have launched legal actions, while two additional states are considering similar steps.
Federal lawmakers have also raised concerns about contracts that resemble sports betting or casino-style markets. Some proposals would restrict regulated entities from listing such products.
If passed, the PREDICT Act would significantly limit who can trade on political outcomes. It would also tighten oversight around insider information risks.
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