New technology is changing how people interact with markets, but not everything should be treated like a game.

Arizona has filed criminal charges against a prediction market platform, alleging it allowed betting on elections and operated outside state gambling laws. The company disputes these claims, and the issue may ultimately be decided at the federal level.

But one thing is clear. Elections should not become commodities.

Prediction markets can offer new ways to forecast real-world events and may have value when properly regulated. However, allowing people to place financial bets on election outcomes raises serious concerns about public trust, influence, and the integrity of our democratic process.

At the same time, the current legal battle highlights a deeper problem. There are no clear, consistent rules governing how these platforms should operate across the country.

This creates confusion for companies, regulators, and the public alike.

We do not need to choose between innovation and accountability. We can have both.

We are calling on the U.S. Congress, the Commodity Futures Trading Commission (CFTC), and state leaders including Arizona Attorney General Kris Mayes to take action.

First, establish clear national standards for prediction markets so companies know what is allowed and consumers are protected.

Second, draw a firm line by prohibiting betting on elections. Our democratic process should never be treated as a financial instrument.

This is a bipartisan issue. Americans across the political spectrum agree that elections should be fair, trusted, and free from unnecessary influence.

At the same time, innovation should not be stifled by unclear or inconsistent rules.

By setting smart, balanced policies, we can protect both our democracy and our economy.

If you believe we can support innovation while keeping elections off the betting table, add your name today.