Will real money prediction markets become legal in the US by the end of 2025?
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Resolves to yes if real money prediction markets become legal without having to jump through regulatory hurdles such as PredictIt and Kalshi did. In the event of an ambiguous result (such as the loosening of some regulations but not others), I'll resolve to PROB 50%.
Mar 10, 11:24am: Clarification: In order to resolve to 50%, there need to have been *significant* changes in favor of prediction markets that noticeably change the landscape of attempted platforms.
Close date updated to 2026-01-01 12:00 am
This question is managed and resolved by Manifold.
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@Tyler31 If a real-money prediction market were to materialize out of nowhere, it must be legal to run.
Predictit's no-action letter from the CFTC got revoked:
https://www.cftc.gov/PressRoom/PressReleases/8567-22
@Sinclair I feel like this is a sign for a potential future regulatory framework that will allow more Kalshi-like platforms. 2025 is probably too soon, and I don't know that it'll actually be less hurdles, I'm just expecting something more formalized.
@Sinclair The problem with this entire question is that "hurdles" is too broad of a definition. Airplane travel is definitely "legalized" within the US, but airlines and airline passengers still have to "jump through regulatory hurdles." Furthermore, the phrasing "jump through hurdles" is a mixed metaphor (the correct form is "jump through hoops"), but that's neither here nor there.
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