Wednesday, April 1, 2026 9:44 PM
David McKee, COMPLETE iGAMING
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Although prediction markets have seen rapid adoption in the United States, they court the peril of legal resistance and adverse court decisions in 2027. At present, they’re the beneficiaries of an “enforcement-light” Commodity Futures Trading Commission.
Those were the views of Jefferies Equity Research analyst David Katz in a 1 April investor note.
Still, Katz saw positive near-term and mid-term prospects for prediction-market operators. That included nascent ones FanDuel and DraftKings, new to event contracts.
Compared to the “intensive and exhaustive review” that individual states subject gaming-industry employees to, those in the event-contract business face only “minimal mandated enforcement,” Katz wrote. He also contrasted the multi-million-dollar licensing fees in gaming to those for prediction markets, which ran only to the thousands.
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