Pennsylvania lawmakers are considering legislation that would establish a state regulatory framework for prediction market platforms such as Kalshi and Polymarket without prohibiting sports event contracts.
Pennsylvania lawmakers are deliberating on a bill, HB 2711, introduced by Rep. Tarik Khan, aimed at creating a regulatory structure for prediction market platforms like Kalshi and Polymarket. The proposed legislation seeks to provide guidelines for these platforms while still permitting sports event contracts. This move comes as states across the US adopt varying approaches to regulating exchanges overseen at the federal level by the Commodity Futures Trading Commission (CFTC).
