Federal regulator’s definition of ‘gambling’ vs ‘gaming’ at heart of proposed prediction market rule

By: Dana Gentry

Outlets: Nevada Current

Published: June 12, 2026

Words: 1,010

Last Updated: 1 month, 1 week ago

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The federal agency that regulates prediction markets such as Kalshi and Polymarket is proposing rulemaking designed to determine, among other things, just what qualifies as “gaming.”

Prediction markets are on-line platforms that accept wagers on almost everything, from sporting events to political contests.

One analyst predicts as much as $10 billion in World Cup betting on just Kalshi and Polymarket, two leading platforms. The NBA Finals is generating hundreds of …

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