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Blake Moore: “Prediction markets like Kalshi or Polymarket avoid state…”

Featuring: Blake Moore, Republican | U.S. House Utah, 1st Congressional District

Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets

Published March 19, 2026 | Video Starts at 02:00

This loophole has opened a door to gambling on anything from Taylor Swift's appearance at a Kansas City Chiefs game to when the United States might launch a strike on Cuba. Sports betting is illegal in 19 states, but Prediction markets like Kalshi or Polymarket avoid state regulation through this loophole. Rather than offering betting services, they sell event contracts, a legacy financial instrument with payouts based on the outcomes of real world events. (02:00–02:06)

CLAIM

Asserts that prediction markets exploit a loophole to avoid state regulation.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Blake Moore

“Six traders together making over $1.2 million [from investments related to military strikes].”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 00:26-00:44
“More than 150 accounts made investments of over $1,000 in event contracts based on the timing of the [military] strikes.”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 00:29-00:29
“One investor netted over $400,000 on Nicolas Maduro's fall from power.”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 02:36-02:42
“Regulated prediction markets have exposed America to needless public safety and national security risks.”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 01:13-01:19
“Congress previously included a subtle provision in the Commodity Exchange act that preempts state regulation on betting.”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 01:34-01:42
“Sports betting is illegal in 19 states.”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 01:57-02:00
“I introduced HR7840, the bipartisan event Contract Enforcement act, to address these concerns.”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 02:54-03:01
“This bill strengthens existing law requiring the CFTC to prohibit event contracts related to terrorism, assassination, war, gaming or…”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 03:03-03:15
“Congress needs to pass legislation to require enforcement [against prediction markets].”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 03:15-03:25
“The bill also bans trading on election outcomes and government activities.”
Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets | Uploaded March 19, 2026 | 03:15-03:19