If you wager money on whether the KC Chiefs will win on any given Sunday, that’s a bet — even if it’s called a “contract.”
In Kansas and across the country, lawmakers, regulators and gaming operators have spent years building a safe, transparent and effective regulatory system for legal gambling. Whether it’s sports betting or casino gaming, state laws are clear: Gambling must be conducted responsibly, licensed through state or tribal compacts and monitored for integrity. But a new threat is emerging that risks undermining this structure — prediction market platforms offering gambling products under the auspices of Commodity Futures Trading Commission regulation.
