Advancing consumer access to prediction markets.
The Coalition for Prediction Markets unites leading exchanges, brokers, and advocates to expand consumer access to safe, transparent, and integrity-driven prediction markets in the United States.
Members
the current landscape
Prediction markets currently operate under a clear federal framework, but that framework is under attack by state casino regulators seeking to block consumer access and extend their own authority.
this reality poses several issues for companies and consumers alike:
State interference threatens clarity. State casino regulators are attempting to impose gambling-style oversight on federally supervised prediction markets, creating confusion and undermining the existing federal framework.
The focus is on regulatory capture, not protecting consumers. Rather than protecting consumers or ensuring access, some state regulators are pursuing regulatory capture – prioritizing control and revenue over innovation and consumer choice.
Without clarity, consumers lose access to choose safe, transparent platforms. Without clear federal guidance, consumers lose the ability to freely choose safe, transparent, regulated platforms. At the same time, unclear rules push consumers toward offshore or unregulated markets.
A patchwork of state laws creates inefficiency and risk. Fifty different approaches make compliance costly and limit national participation as public demand for fair, transparent prediction market tools grows. On top of that, startups and exchanges face shifting interpretations and politically motivated actions that restrict responsible growth and limit new entrants.
Why This Matters
Prediction markets are about more than trading. They’re about trust, access, and informed participation in a data-driven world. Clear, consistent federal oversight is not only a regulatory necessity but a public good.
HERE’S WHY:
Federal clarity builds trust. Participants, investors, and policymakers can rely on consistent rules and transparent enforcement across all jurisdictions.
Fair rules empower consumers. Transparent, federally supervised exchanges give people a fair shot – no “house,” no hidden odds – just open markets where outcomes are determined by information, not influence.
Clear rules unlock innovation. Startups and exchanges can invest, expand, and develop new tools with confidence when compliance expectations are stable and predictable.
Uniform oversight protects consumers. Every American deserves equal access to transparent, regulated markets, not a patchwork of restrictions or unregulated alternatives. Manipulation and misconduct are far easier to detect and deter when markets operate under transparent, federally overseen systems, not within a maze of state-level deals.
Federal consistency promotes efficiency. One framework reduces duplication, lowers costs, and strengthens enforcement while creating a level playing field nationwide.
Predictable regulation strengthens confidence. When markets operate under a fair, federally supervised system, they earn credibility as legitimate financial exchanges serving the public good.