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Election prediction markets face federal crackdown risk as midterm trading tops 1.4 billion dollars, WSNext reports
- Election prediction markets face federal crackdown risk as midterm trading tops 1.4 billion dollars, WSNext reports — WSNext reports midterm prediction market trading has passed 1.4 billion dollars and could exceed 2 billion dollars by Election Day, while lawmakers have introduced nearly 30 bills since 2025 targeting the platforms. It notes the CFTC has filed lawsuits against 10 states in 2026, including Utah on October 20, in its preemption fight with state gambling laws. (WSNext)
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