Lawmakers Call for Investigation into Prediction Markets

This press release from Representative Kevin Mullin (D-CA) was published on 2026-06-03 and titled "Lawmakers Call for Investigation into Prediction Markets".

Lawmakers Call for Investigation into Prediction Markets

Washington, D.C. – A group of lawmakers led by U.S. Reps. Kevin Mullin (CA-15) and Gabe Vasquez (NM-02) are urging the Federal Trade Commission (FTC) to investigate whether new online prediction market platforms are engaging in unfair and deceptive practices that mislead consumers. Internet-based prediction markets allow users to buy and sell contracts tied to the outcome of real-world events – effectively enabling a... The post Lawmakers Call for Investigation into Prediction Markets appeared first on Congressman Kevin Mullin .