Bipartisan legislation introduced in Congress earlier this year, including the Prediction Markets Are Gambling Act and the Event Contract Enforcement Act, seeks to restrict CFTC-regulated platforms from offering sports-related event contracts by clarifying federal commodity rules and shifting oversight toward state gambling frameworks. However, these measures remain in early committee stages with no floor votes or passage by mid-June. The Trump administration’s CFTC has instead advanced proposed regulations that preserve most sports markets while targeting only narrow categories prone to manipulation, and federal regulators have challenged state bans such as Minnesota’s through litigation. This regulatory posture, combined with the absence of advancing legislative momentum before year-end, underpins trader consensus favoring no nationwide ban.