Prediction Markets and States Clashed, Setting Off a Furious Political Battle - The New York Times

Latest News About Canadian regulators step back from prediction market oversight

Canadian securities administrators said Thursday that sports and entertainment prediction markets should not fall under securities law. Regulators at the CSA and CIRO issued guidance on event contracts. It effectively rejects federal control of those markets. Across the border, state officials tangled with prediction platforms in a political battle this month. August data on U.S. downloads show Kalshi and Polymarket leading the sector. Other moves involve new exchange traded products and a Robinhood crypto contract tied to the XRP price.

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