Senate decisions on bans, indictments issued by the Department of Justice, and crackdown campaigns at the state level

What makes this record even more astonishing is that it came at a time when nearly every institutional player in the U.S. is approaching the prediction market industry simultaneously.
A few days after the U.S. Department of Justice pursued a U.S. Army special forces soldier on charges of using confidential information about Maduro’s operation to bet on the Polymarket platform, and he received nearly $410,000, the U.S. Senate unanimously voted to prohibit its members from participating in and trading prediction markets.
What was previously just a theoretical regulatory concern raised in comment messages has now become a vote in Congress and actual enforcement issues.
At the state level, we are witnessing a stricter approach toward these markets.
A judge in Nevada issued an order for Calshi to start using geolocation technology by today, May 4, to prevent residents from accessing sports betting, election, and entertainment contracts, after describing the platform’s offerings as “indistinguishable” from betting at a licensed sports betting agency.
Minnesota lawmakers also advanced a bill making hosting prediction markets in the state a criminal offense.