PM 101 | Ep 3: US Prediction Market Legality

For years, prediction markets in the U.S. operated in a legal gray area, but new regulatory shifts have brought these platforms into the light. In this episode, we explore the two parallel systems governing the industry: federal oversight by the CFTC and state-by-state regulation from gaming commissions. We break down the practical differences between event contracts and sports betting exchanges so you can trade with confidence.The distinction between federal regulation (CFTC) and state-level gaming laws.Kalshi vs. SportTrade: Analyzing the two dominant business models.The "No Sports Rule" and how platforms use workarounds for quantifiable event outcomes.Geofencing and location requirements for state-regulated exchanges.How trading fees and liquidity impact your bottom-line profitability.Opinions expressed are for informational purposes only. Bet responsibly. Contact: [email protected]"Nowhere Land"Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 4.0http://creativecommons.org/licenses/by/4.0/