TD Cowen: Prediction-market bills seen stalling in Congress; 2028 election viewed as bigger risk

TD Cowen said a set of U.S. bills introduced this month to restrict prediction markets is unlikely to become law in the current Congress. The bank’s Washington Research team said policy risk remains elevated and pointed to the 2028 presidential election as a key flashpoint as bipartisan concerns grow over event contracts potentially overriding state gaming rules.