Advocacy groups have simultaneously requested that the Supreme Court revisit the PASPA betting ruling, which previously limited sports wagering. This dual effort by state officials and external organizations aims to shift how prediction markets are governed as they grow in popularity for forecasting political and economic outcomes.
Wednesday, October 21, 2026
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39 States Petition Supreme Court to Regulate Prediction Markets as Gambling
US Politics13 days ago
A diverse alliance of state governments has submitted a filing to the high court seeking authority over firms that run prediction platforms. The brief, signed by 39 states, argues that these companies should be subject to the same legal restrictions and oversight as gambling operations. The coalition spans the political spectrum, comprising red states such as Alabama and Idaho, blue states like California and New York, and swing states including Pennsylvania and Michigan.
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