Prediction markets belong to the people.
From public school teachers to parents, traders turn lifelong passions into a genuine edge in predicting the future.
We agree, @BloombergLaw. Bad actors need to know that suspicious activity will be caught and addressed.
That’s why we have federal regulation, real-time surveillance, customer verification, rulebooks reviewed by the federal government, and strict bans on insider trading.
From energy pricing to election outcomes, prediction markets have proved to be a powerful forecasting mechanism.
When regulated effectively and free from fraud and manipulation, these innovations continue to provide meaningful value to the American people.
Watch more at @cfconferences:
🚨BREAKING🚨 States have now lost more than $1 billion in tax revenue due to illegal prediction market sports betting siphoning funds that should be going to education, public safety, infrastructure, and other critical community priorities.
Learn more➡️https://t.co/O4aQwVVILD
Let's be clear: @AmericanGaming wants to muddy the waters on regulation.
Prediction markets are federally regulated by the CFTC with stricter oversight, monitoring & compliance than their members ever face.
@PatrickMcHenry with a case in point 👇
If information is public, you can trade on it. If it’s confidential and the trader using that information has a duty of trust or confidence, that’s insider trading.
This is exactly why we have a proven regulator – the @CFTC – to set clear standards, run a transparent rulemaking process, and enforce the rules to keep markets fair and free.
NEW: The NYT’s standards editor Susan Wessling sent out a memo today saying staff members cannot bet on prediction markets on subjects they cover, are likely to cover or abuse non-public info about the Times to make money.
“This is a good moment to make clear that betting on the outcome of news events on the prediction markets is a violation of our principles and ethical guidance and is not permitted.”
This just showed up on my X explore page this morning.....
Notice how Sportsbooks and Casinos are the only ones who buy these ads and now they're spewing fake news against prediction markets hmmm 🤔🤔🤔 nothing to see here!
As a parent, @PatrickMcHenry strongly believes in protecting our kids. The facts:
- Only 18+ allowed, full stop
- 97% of trading volume is from users 21+
- Median age is 33
- U.S. companies like @Kalshi going above and beyond with facial recognition login checks, selfie verification, two-factor authentication, and proactive surveillance to detect anyone attempting to use a parent’s account