Wanna bet? Washington steps up scrutiny of prediction markets

NewsWorldAmericasWanna bet? Washington steps up scrutiny of prediction marketsA controversy has erupted over prediction markets such as Polymarket and KalshiSteven Sloan & Ken SweetFriday 17 April 2026 11:42 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":true,"articleId":"3a29fdaf0b42ec6c670a4eaffaf67cc0","articleMeta":{"url":"https://www.independent.co.uk/news/world/americas/united-states-congress-gavin-newsom-rahm-emanuel-washington-b2959740.html","title":"Wanna bet? Washington steps up scrutiny of prediction markets"}}Wanna bet? Washington steps up scrutiny of prediction marketsShow all 4{"adUnitPath":"71347885/_main_independent/gallery","className":"","title":"Wanna bet? Washington steps up scrutiny of prediction markets","gallery":[{"data":{"title":"Prediction Markets","description":"FILE - An advertisement for prediction market platform Kalshi hangs at 13th and L Streets in northwest Washington, April 1, 2026. (AP Photo/Allison Robbert, File)","caption":"Prediction Markets","copyright":"Copyright 2026 The Associated Press. All rights reserved.","credit":"ASSOCIATED PRESS","alt":null,"url":"https://static.independent.co.uk/2026/04/17/11/Prediction_Markets_6_293.jpg","id":"2cabdd8d987c46fcae6532b64ef642e9","mid":6629898,"uid":0,"smartframe":null,"extra":{"imageSize":{"width":6113,"height":4075}}},"type":"image"},{"data":{"title":"Prediction Markets","description":"FILE - Rep. Seth Moulton, D-Mass., questions Office of Management and Budget Acting Director Russell Vought as he testifies during a hearing of the House Budget Committee on Capitol Hill, Feb. 12, 2020, in Washington. (AP Photo/Alex Brandon, File)","caption":"Prediction Markets","copyright":"Copyright 2020 The Associated Press. All rights reserved.","credit":"ASSOCIATED PRESS","alt":null,"url":"https://static.ind...