Story perspectives

Bipartisan Bill Aims to Regulate Prediction Market Gambling

4/13/2026

Summary

Story summary

The bipartisan Prediction Markets Are Gambling Act has been introduced in the U.S. Senate to restrict sports betting on prediction market platforms Kalshi and Polymarket.
In Montana, Sports Bet Montana reported over $66 million in sales for Fiscal Year 2025.
The Minnesota legislature is advancing legislation to ban certain prediction-market wagers.
The Montana Gambling Control and Department of Justice are reviewing the situation as they await further developments.

1 of 1

Story summary

The bipartisan Prediction Markets Are Gambling Act has been introduced in the U.S. Senate to restrict sports betting on prediction market platforms Kalshi and Polymarket.
In Montana, Sports Bet Montana reported over $66 million in sales for Fiscal Year 2025.
The Minnesota legislature is advancing legislation to ban certain prediction-market wagers.
The Montana Gambling Control and Department of Justice are reviewing the situation as they await further developments.