Despite regulatory uncertainty, CNBC predicts that market platforms will continue to expand and raise funds BlockBeats news, on May 22nd, according to CNBC, despite ongoing disputes between the US federal government and multiple state governments over the ownership of regulatory rights in the prediction market, prediction market related platforms such as Kalshi, Polymarket, Robinhood, Coinbase, etc. are still increasing their business investment. According to reports, 17 states have challenged predictive market platforms, some of which believe that sports event contracts are essentially gambling and should be managed by state-level regulatory agencies; The US Commodity Futures Trading Commission (CFTC) advocates that event contracts belong to the category of derivatives and should be regulated by the federal government. At the same time, the US Congress also began to intervene. James Comer, Chairman of the House Oversight and Government Reform Committee, has requested that Kalshi and Polymarket submit documents regarding insider trading prevention mechanisms. Despite the uncertainty in the regulatory environment, the valuations of related platforms continue to climb. Kalshi's latest financing valuation has reached $22 billion, doubling from $11 billion in December last year; Polymarket's valuation is reported to have risen to $15 billion. Executives from companies such as Flutter Entertainment, DraftKings, and Robinhood have stated that they will continue to invest in the predictive market business and believe that regulatory controversies will continue to evolve in the coming years. [Original link]