Lawmakers Won’t Bet on Online Gambling Regulation Moving This Year

Lawmakers are wrestling with how to regulate online prediction markets but have yet to reach a consensus on oversight of the increasingly popular gambling outlet.

Lawmakers Won’t Bet on Online Gambling Regulation Moving This Year. Lawmakers are wrestling with how to regulate online prediction markets but have yet to reach a consensus on oversight of the increasingly popular gambling outlet. Concerns over the platforms have come over the last year. Dozens of current and former National Basketball Association players were accused of providing confidential information to gamblers to inform bids they placed on online markets. And off the court, a $30,000 bet was placed on Polymarket ahead of the United States’ capture of Venezuelan President Nicolás Maduro. Lawmakers themselves have also faced scrutiny for insider trading. “I think that we need to make sure predictive markets are treated as a form of gambling,” Sen. John Hickenlooper, a Democrat on the Senate Committee on Commerce, Science and Transpor...