Prediction markets expand in North America amid regulatory uncertainty

Prediction markets have reached Canada and are growing fast in the United States. These platforms let users bet on financial, economic, and climate events. They run all day and night, and most users lose money.

In Canada, people aged 18 or 19 can join legally, depending on the province. In the United States, the federal government controls these markets through the Commodity Futures Trading Commission. The Trump administration supports prediction markets and has said it will fight state attempts to regulate them.

This creates a problem. States cannot currently tax or restrict these platforms, so they cannot protect younger users. Legal experts say the Supreme Court may have to decide who has the final authority.