The U.S Consumer Financial Protection Bureau is cracking down on players hiding behind Native American sovereign immunity. These players are abusing the power to run casinos in states where gambling is otherwise illegal, and also distributing payday loans in illegal areas.
“New York City Launches Sweeping Investigation Into Polymarket and Kalshi” | The Wall Street Journal
August 12, 2026
By Kevin T. Dugan, Katherine Long “The New York City Council is investigating four prediction markets for alleged deceptive marketing