Kalshi and Polymarket Excluded From FTC Sports Gambling Probe: Report
- —FTC's $167M online gambling probe excludes Kalshi and Polymarket
- —Investigation focuses on DraftKings and FanDuel over ads and harm
- —Both prediction markets already under congressional insider trading probe
- —New York has sued both platforms, alleging illegal gambling
Why it matters: The outcome will determine whether prediction markets are regulated federally under the CFTC or treated as gambling at the state level.
Source: Protos