From banning lawmakers from using Polymarket and Kalshi, to getting rid of sports trades, to everything in between, lawmakers have a variety of proposals for prediction markets.
"I think there's a lot of things that we can learn from regulation of the tobacco industry that we can apply here," Ocasio-Cortez said of prediction markets.
Arizona Attorney General Kris Mayes said Kalshi is "running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law.
