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States move to label prediction markets as unlicensed casinos

9/9/2026

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Summary

Story summary

U.S. election officials confront a surge in prediction-market trading for 2026 races.
Maryland election administrator Jared DeMarinis calls the trend troubling for democracy.
States move to label platforms like Kalshi and Polymarket as unlicensed casinos.
Kalshi suspended Republican candidate Laurie Buckhout for three years and fined her for self-trading.
Prediction-market operators say contracts resemble stock trades and do not threaten elections.

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Story summary

U.S. election officials confront a surge in prediction-market trading for 2026 races.
Maryland election administrator Jared DeMarinis calls the trend troubling for democracy.
States move to label platforms like Kalshi and Polymarket as unlicensed casinos.
Kalshi suspended Republican candidate Laurie Buckhout for three years and fined her for self-trading.
Prediction-market operators say contracts resemble stock trades and do not threaten elections.