US Lawmakers Debate New Prediction Market Regulations Amid Existing CFTC Oversight

US lawmakers have introduced multiple bills over the past three months aimed at regulating prediction markets, particularly concerning insider trading, sports contracts, and markets linked to death or war. According to NS3.AI, the current debate focuses on the necessity of new legislation, given that the Commodity Futures Trading Commission (CFTC) already oversees platforms like Kalshi. Meanwhile, Polymarket's offshore platform continues to be restricted from operating within the United States.