00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Calci, Polymarket and the casino industry are increasing lobbying spending as lawmakers and
00:07regulators scrutinize prediction markets, according to CNBC. Calci and its outside firms
00:13spent nearly $1.8 million during the first half of 2026, while the American Gaming Association
00:20spent $1.39 million. The debate centers on insider trading concerns and whether sports
00:26event contracts should be regulated as financial swaps or state-regulated gambling. Lawmakers
00:32have introduced bills targeting insider trading and contracts involving sports, elections and
00:36acts of war. Congress is unlikely to pass major legislation before the November elections.
00:41The Commodity Futures Trading Commission released proposed prediction market rules in June
00:45and is accepting public comment. For all things money, visit Benzinga.com.
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