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WSJ Tech News Briefing

TNB Tech Minute: Federal Regulator Sues States Over Attempts to Regulate Prediction Markets

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 2 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: OpenAI acquires tech-industry online talk show TBPN. And Citi analysts say Chinese tech giant Baidu is likely to maintain its momentum. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:01.9

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0:06.2

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0:31.6

Here's your afternoon TNB Tech Minute for Thursday, April 2nd. I'm Danny Lewis for the Wall Street Journal.

0:38.6

A federal regulator is suing three states over their attempts to ban sports and election-related

0:42.9

betting on platforms like Calci and Polymarket. In civil complaints filed today, the Commodity

0:49.1

Futures Trading Commission argued that it has the sole authority to regulate contracts offered

0:53.7

by prediction markets.

0:55.2

It asked federal courts in Arizona, Illinois, and Connecticut to block those states from applying

1:00.6

their own gambling laws to prediction markets, which technically offer financial derivatives

1:05.3

similar to commodities futures. The move comes as the Trump administration ratchets up its

1:10.7

defense of prediction markets,

1:12.3

which let people bet on everything from Major League Baseball games to the reopening of the

1:16.6

Strait of Hormuz. Polly Market has a data partnership with Dow Jones, the publisher of the

1:22.0

Wall Street Journal. We exclusively report that OpenAI has acquired TBPN, an online talk show popular among Silicon

1:30.3

Valley power players that aims to compete with Bloomberg and CNBC. According to a memo sent

...

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