Minnesota has banned the platforms outright, Massachusetts is suing Kalshi, and nearly 70% of Americans want government officials barred from trading.

Long before the founders of Kalshi and Polymarket were even born, a handful of economists were getting amped about a novel approach to dealing with one of humanity’s more…

Minnesota has banned the platforms outright, Massachusetts is suing Kalshi, and nearly 70% of Americans want government officials barred from trading.

Although federal regulations allow Americans to bet on elections, a handful of state leaders are seeking to enforce rules blocking residents from election wagering.