Prediction Markets and the Gambling Line | Dayton News

Dayton News Today | 2 Min News | The Daily News Now! · Jul 21, 2026 · 1m

Congress is grappling with the explosive growth of sports prediction markets—platforms where users bet on future events like team point totals—and whether they should be regulated like traditional sports wagers. The CFTC is defending its jurisdiction against states eager to clamp down, while the gaming industry warns these markets are a loophole with no consumer protections or tax revenue. Former CFTC officials counter that these markets already have integrity safeguards and that regulation should evolve with innovation. As these platforms expand, lawmakers face a tough choice: embrace a new…