According to Cointelegraph, nine Democratic members of the U.S. House of Representatives have called on the Federal Trade Commission (FTC) to investigate prediction markets and examine whether their advertising and statements to regulators are consistent. Representatives Kevin Mullin and Gabe Vasquez stated that prediction market platforms claim to regulators that they are financial instruments offering investment products, while advertising to the public as gambling platforms—a contradictory message that could mislead consumers.
June 4, 2026 14
