{"id":17904,"date":"2026-07-06T19:43:44","date_gmt":"2026-07-06T19:43:44","guid":{"rendered":"https:\/\/www.rosen.senate.gov\/?p=17904"},"modified":"2026-07-06T19:43:45","modified_gmt":"2026-07-06T19:43:45","slug":"rosen-joins-senate-colleagues-in-protecting-state-and-tribal-rights-to-regulate-prediction-markets","status":"publish","type":"post","link":"https:\/\/www.rosen.senate.gov\/es\/2026\/07\/06\/rosen-joins-senate-colleagues-in-protecting-state-and-tribal-rights-to-regulate-prediction-markets\/","title":{"rendered":"Rosen Joins Senate Colleagues in Protecting State and Tribal Rights to Regulate Prediction Markets"},"content":{"rendered":"<p><strong>WASHINGTON, DC &#8211; <\/strong>U.S. Senator Jacky Rosen (D-NV) joined Senate colleagues in urging the Financial Services and General Government Appropriations Subcommittee to prohibit the use of federal funds to prevent\u00a0states and Tribal nations from regulating online prediction markets. In the last few months, the Commodity Futures Trading Commission (CFTC) has sued several states for attempting to put proper safeguards on and regulating prediction markets such as Kalshi and Polymarket. In March, the Nevada Gaming Control Board banned popular online prediction market sites Kalshi and Polymarket from operating in Nevada.\u00a0<\/p>\n\n\n\n<p>\u201cRecent lawsuits filed by the CFTC against states regulating online prediction markets will only fuel a gambling public health crisis and interfere with states\u2019 and Tribes\u2019 longstanding prerogative to regulate or even restrict gambling,\u201d <strong>wrote the Senators. <\/strong>\u201cOnline prediction markets, which have rapidly grown in popularity, are drastically different from the original intent of event contracts, which those companies claim to offer. Serving to hedge against financial risks, event contracts were largely limited to the agricultural sector and economic matters. Prediction markets, however, have distorted this purpose and infiltrated the world of sports, politics, and even foreign affairs.<\/p>\n\n\n\n<p>\u201cFurther, as prediction markets have sought to circumvent state safeguards, their products have led to underage gambling, gambling addiction, and serious financial losses.\u201d <strong>the Senators continued<\/strong>. \u201cThrough engaging in this campaign of litigation and intimidation, the CFTC risks becoming an instrument and enabler of online prediction markets\u2019 efforts to bypass states\u2019 consumer protections and oversight, creating a race-to-the-bottom in gambling.\u201d<\/p>\n\n\n\n<p><strong>You can read the full letter <\/strong><a href=\"https:\/\/www.rosen.senate.gov\/wp-content\/uploads\/2026\/07\/2026-06-24_letter_appropriations-cftc.pdf\"><strong>HERE.<\/strong><\/a><\/p>\n\n\n\n<p>Senator Rosen has been vocal about the need for more regulation on online prediction markets at the federal level. In April, she <a href=\"https:\/\/www.merkley.senate.gov\/merkley-blumenthal-van-hollen-whitehouse-heinrich-rosen-smith-raskin-cftc-must-tackle-insider-trading-and-corruption-on-prediction-markets\/\">joined senate colleagues<\/a> in a letter urging the CFTC to crack down on insider trading and political event contracts on prediction markets. During a May hearing in the Senate Commerce Committee, Senator Rosen raised <a href=\"https:\/\/thehill.com\/homenews\/senate\/5887921-gambling-advertising-consumer-protection\/\">significant concerns<\/a> about the risks of unregulated prediction markets circumventing consumer protection rules. Senator Rosen has also said <a href=\"https:\/\/www.reviewjournal.com\/business\/casinos-gaming\/nevada-senators-join-fight-against-prediction-markets-3729312\/\">on record <\/a>that prediction markets \u201cshould not be allowed to continue offering prediction contracts that clearly violate state consumer protections and gaming laws.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-center\">###<\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, DC &#8211; U.S. Senator Jacky Rosen (D-NV) joined Senate colleagues in urging the Financial Services and General Government Appropriations Subcommittee to prohibit the use of federal funds to prevent\u00a0states and Tribal nations from regulating online prediction markets. In the last few months, the Commodity Futures Trading Commission (CFTC) has sued several states for attempting [&hellip;]<\/p>","protected":false},"author":26,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17904","post","type-post","status-publish","format-standard","hentry","category-press_release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rosen Joins Senate Colleagues in Protecting State and Tribal Rights to Regulate Prediction Markets - Jacky Rosen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rosen.senate.gov\/es\/2026\/07\/06\/rosen-joins-senate-colleagues-in-protecting-state-and-tribal-rights-to-regulate-prediction-markets\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rosen Joins Senate Colleagues in Protecting State and Tribal Rights to Regulate Prediction Markets - Jacky Rosen\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, DC &#8211; U.S. Senator Jacky Rosen (D-NV) joined Senate colleagues in urging the Financial Services and General Government Appropriations Subcommittee to prohibit the use of federal funds to prevent\u00a0states and Tribal nations from regulating online prediction markets. 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