Why Prediction Markets Are So Hard To Regulate

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 » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Inside The Fight To Regulate Prediction Markets