GoKawiilDemocrats signal legislative push to regulate prediction markets like Polymarket, Kalshi
According to Politico, Democratic lawmakers including Rep. Maxine Waters and Sen. Jeff Merkley are preparing legislation to curb prediction markets, framing them as predatory gambling platforms harming consumers. The move comes as Donald Trump Jr. holds advisory roles at Polymarket and Kalshi, platforms that have also seen traders profit from advance knowledge of administration decisions.