Investment bank TD Cowen stated that recent U.S. legislation targeting prediction markets (including bans on contracts for sports events and political events) has a low probability of passing this year. The institution believes these bills are more "performative legislation." However, TD Cowen pointed out that the 2028 U.S. presidential election may become a genuine policy risk for the prediction markets industry, as concerns from both parties about it potentially circumventing state gambling regulations are increasing. (The Block)
Investment bank TD Cowen stated that recent U.S. legislation targeting prediction markets (including bans on contracts for sports events and political events) has a low probability of passing this year. The institution believes these bills are more "performative legislation." However, TD Cowen pointed out that the 2028 U.S. presidential election may become a genuine policy risk for the prediction markets industry, as concerns from both parties about it potentially circumventing state gambling regulations are increasing. (The Block)