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Prediction Markets News Updates: Timeline of Latest uS Regulations & Partnerships March 31: Federal prosecutors are investigating certain trades made on prediction market platforms for insider trading. March 31: A poll, commissioned by the Gambling is Not Investing coalition, finds 81% of Americans view prediction market sports betting as gambling. 77% of Americans say they're concerned that prediction market platforms that allow teens to bet on sports could increase gambling-related harm among young adults, compared with sportsbooks that require users to be 21. 73% of Americans say they believe describing sports bets as ’event contracts,’ ’swaps’ or ’futures’ makes it more difficult for consumers, particularly younger ones, to recognize the financial risks involved. 81% of Americans say prediction market platforms should comply with state gaming regulations, including age restrictions, tax structures, and problem gambling requirements. March 30: Texas Lieutenant Governor Dan Patrick directs a Senate committee to study prediction markets as part of efforts to close gambling loopholes. March 30: The NFL sends letters to prediction market platforms asking to ban a number of markets. The league said it wants to protect its players and game participants from "unfair and unwarranted allegations." March 28: Nevada is granted a preliminary injunction against Coinbase barring the company from offering sports, election, and entertainment contracts in the state. March 28: Washington State attorney general Nick Brown files a lawsuit against Kalshi for what the state deems as "illegal gambling." Brown accused the prediction market platform of "sneaking around Washington's gambling laws. No more." March 27: California governor Gavin Newsom issues an executive order banning insider betting on prediction markets by state officials. The crackdown is on state employees in the Newsom administration in particular.