Financial Markets and Regulation Partner and Co-Chair Carl Kennedy will co-present the “Are Prediction Markets Gambling or Not?” session at the Consensus 2026: Policy & Regulation Summit on Thursday, May 7, starting at 4:30 p.m. ET.
Prediction markets have taken the country by storm — and everyone is paying attention. But are they gambling or are they another form of derivatives? In other words, should states be able to regulate them or is this a strictly federal issue? Carl and his attorney co-presenters will debate these positions in a preview of the eventual Supreme Court case.