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Midterm prediction market bets exceed 1.4 billion dollars as federal crackdown pressure builds, WSNext reports
- Midterm prediction market bets exceed 1.4 billion dollars as federal crackdown pressure builds, WSNext reports — Political prediction markets have surpassed 1.4 billion dollars in trading volume ahead of the November midterms, with forecasts suggesting the total could exceed 2 billion dollars by Election Day. Lawmakers have introduced nearly 30 bills since 2025 targeting prediction markets, and the CFTC has filed lawsuits against 10 states in 2026 in its preemption clash with state gambling laws. (WSNext)
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