NJ Lawmakers Introduce Bills to Regulate, Ban Certain Prediction Markets

By: By Sarah Shockey

Outlets: NJ State House News Service

Published: April 23, 2026

Words: 647

Last Updated: 1 month, 2 weeks ago

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From betting on elections to controversial wagers on life-and-death events, prediction markets have exploded in popularity. Now, New Jersey lawmakers want to shut some of them down.

Lawmakers have introduced two pieces of legislation aimed at regulating prediction markets, platforms like Kalshi and Polymarket that allow users to buy and sell shares on the outcome of future events.

Prediction markets allow users to bet on things such as elections or economic …

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