Legislation

Missouri AG Says Prediction Markets Offering Sports Contracts Should Face Sportsbook Taxes, Rules

Missouri Attorney General Catherine Hanaway said prediction markets that offer sports-related contracts, including bets on Chiefs games, should be taxed and regulated like sportsbooks in the state.

CFTC tells prediction markets to stop using moneyline odds in pricing displays

A new CFTC staff reminder tells regulated prediction market platforms not to present event contract prices as sportsbook-style moneyline odds, saying the format could mislead users about the nature of the contracts.

South Carolina Resident Sues DraftKings and Polymarket Over Alleged Illegal Sports Betting

A Charleston County complaint alleges DraftKings and Polymarket are using CFTC-licensed sports event contracts to offer illegal gambling in South Carolina.