Regulator news
Is Polymarket legal? How 18 jurisdictions treat prediction markets like Polymarket and Kalshi, from Taiwan's election-betting crackdown to the US court fight
Outside the United States, regulators have almost all reached the same answer about Polymarket and Kalshi: event contracts on elections, sports and news are gambling, and unlicensed platforms get blocked. Taiwan goes furthest, making bets on its elections a crime that carries up to six months in prison for bettors, while the US remains the only market where a federal regulator treats the same contracts as financial products, a position states are fighting in court.