CFTC Warns Polymarket, Kalshi Against American-Style Gambling Odds Amid State Scrutiny

The U.S. Commodity Futures Trading Commission (CFTC) has warned regulated entities offering prediction markets, including Polymarket and Kalshi, against using American-style gambling odds. This comes as states continue to crack down on these platforms, alleging they are operating unlicensed sports betting businesses. The CFTC's warning adds regulatory pressure on the prediction market sector.