Democrats Set Their Sights On Poison Rotting Our Country From Insides After Trump Embraced It

Democrats are signalling a push to tighten rules on Kalshi and Polymarket, prediction market platforms whose regulatory position has been strengthened by the Trump administration. Senator Jeff Merkley says Congress should act over bets on elections and other matters of public interest, while critics argue the platforms resemble online gambling and can create ethical risks.

CFTC Chair Michael Selig has sought to loosen federal rules and assert the agency’s authority over the platforms, which President Trump has praised. Democratic Representative Maxine Waters says she wants to curb prediction markets, and Senators Elizabeth Warren and John Curtis have raised concerns about election-related contracts. Some Republicans also support tighter oversight, including proposals to restrict sports contracts or require state or tribal approval.