Pennsylvania lawmakers are considering legislation that would establish a state regulatory framework for prediction market platforms such as Kalshi and Polymarket without prohibiting sports event contracts.
Rep. Tarik Khan has introduced HB 2711 to regulate prediction market platforms like Kalshi and Polymarket in Pennsylvania while still allowing sports event contracts. This bill comes as states are adopting varying approaches to these exchanges, which are federally regulated by the Commodity Futures Trading Commission (CFTC). The bipartisan nature of HB 2711 indicates growing support for regulating prediction markets within the state.
