Why Prediction Markets Are So Hard To Regulate

Posted on 07/16/2026
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Event contracts let people bet on outcomes ranging from sports and inflation to company milestones. But as these markets move closer to publicly traded businesses, old financial rules are being tested in new ways. CNBC's Ananya Chetia and Davis Giangiulio report on what this uncertainty could mean for platforms like Kalshi, Polymarket and others.

Credits:
Produced and shot by Charlotte Morabito
Reporting by Ananya Chetia, Davis Giangiulio
Edited by Andrea Miller
Animation by Alisa Stern, Jason Reginato
Senior Managing Producer - Shawn Baldwin
Additional Footage - Getty Images

Chapters:
0:00 Introduction
1:59 CFTC vs. SEC
4:27 Working together

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Inside The Fight To Regulate Prediction Markets