US regulation
The only country that built a federal lane for prediction markets and then let fifty states argue with it. That argument is the whole story.
Hover or tap a state for its status and any wire stories that name it. 26 states currently have matched coverage.
Hover a state to see its regulatory posture and every wire story that mentions it. Click to pin.
Statuses tracked from the wire and public filings; not legal advice. Map outlines: react-usa-map (MIT).
Why the map looks the way it does: a federal lane (the CFTC) sitting over state law, with the fight concentrated in the middle layer.
US prediction markets operate inside three distinct layers:
The CFTC provides the bottom layer: nationwide approval in the US and the core standards. Structure, surveillance, disclosures, gaming limits.
States keep their own gambling laws, and state regulators argue many prediction markets infringe them. This is the layer where the court fights live.
Companies adapt on the surface, finding ways to stay legal, even if it means changing the product or fighting in court.
Stories naming a US state, or carrying a federal signal — CFTC, SEC, Congress, the federal courts. A story covering both the US and elsewhere appears here and on the world page, because it is genuinely both.