By Jennifer Karpchuk and Kyle Wingfield ( July 23, 2026, 4:49 PM EDT) -- The rapid growth of prediction market platforms has triggered a wave of state-level tax and regulatory actions — and, in turn, an escalating jurisdictional battle with federal regulators. As of mid-2026, the landscape is anything but settled, with states adopting divergent approaches to these platforms through both legislation and litigation....
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