Congress Proposes Ban on Prediction Market Contracts
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Regulatory Compliance
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Policy
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Professional Services
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Information Technology
Congressional lawmakers have introduced multiple bipartisan bills in 2026 aimed at banning prediction market contracts related to sports events, elections, government actions, and military events. Key legislation includes the "STOP Corrupt Bets Act" and the "Prediction Markets Are Gambling Act," which seek to prohibit contracts that resemble gambling or speculative bets on these sensitive topics. These bills empower the Commodity Futures Trading Commission (CFTC) to enforce prohibitions, clarify that federal law does not preempt state gambling regulations, and mandate a Government Accountability Office (GAO) study on the impact of prediction markets. Concurrently, the CFTC issued an Advance Notice of Proposed Rulemaking (ANPR) to solicit public input on regulating event contract derivatives, signaling intent to establish a federal regulatory framework that may assert exclusive jurisdiction over prediction markets, potentially overriding state laws.
Procurement professionals should note the evolving regulatory landscape affecting prediction market platforms such as Kalshi and Polymarket, which may face restrictions or compliance requirements impacting contract offerings.
The legislation emphasizes state authority over gambling, indicating that procurement and compliance strategies must consider both federal and state regulatory environments.
Companies involved in financial derivatives, event contracts, or related technology services should evaluate potential impacts on product development, market access, and contract eligibility.
The mandated GAO study and CFTC rulemaking process suggest ongoing regulatory developments; stakeholders may benefit from engaging in public comment opportunities and monitoring rulemaking timelines.
It ought to be up to the states to decide what kind of gambling goes on within their state. This kind of end run around the law is encouraging vast amounts of gambling. We saw $1 billion of trading in prediction contracts just over the Super Bowl alone. That’s something that ought to be decided state by state and not decided for them by this industry.
— Senator Adam Schiff
Prediction market platforms must be clear and consistent on what event contracts are allowed and prohibited. Allowing bets on political events, government actions, and military matters undermines public trust and invites corruption.
— Janice Luong, Project On Government Oversight
The prediction market industry has become nothing more than a gambling business by any other name. Recent bets on prediction market platforms on, say, the killing of a national leader or the price of oil that were placed moments before the federal government took actions causing those bets to become reality, suggests those bettors may have had insider information.
— Craig Holman, Ph.D., Public Citizen
Agencies
Commodity Futures Trading Commission, Government Accountability Office, United States Senate, United States House of Representatives, Nevada Gaming Control Board
Vendors
Kalshi, Polymarket, DraftKings, FanDuel, Dow Jones
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Digital Infrastructure
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Cloud Services
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Defense & Military
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Information Technology
The Air Force Materiel Command (AFMC), through the Air Force Research Laboratory's AFRL/RG office at Wright-Patterson Air Force Base in Fairborn, Ohio, is actively procuring Zoom for Government webinar licenses to support virtual events accommodating up to 1,500 attendees. This includes a solicitation for new licenses under a firm-fixed-price BPA contract (47QTCA21A000K) and a separate renewal opportunity with a best-value award approach. The procurement deadlines are imminent, with one response due May 29, 2026, and the other June 3, 2026, highlighting an immediate need for contractors capable of providing secure, scalable webinar solutions tailored to federal government requirements.
Why this matters: AFMC's procurement signals ongoing demand for virtual collaboration tools within defense research and development environments, emphasizing the importance of government-compliant webinar platforms.
Contractors should prepare proposals that demonstrate compliance with federal security standards and scalability for large virtual events.
The firm-fixed-price BPA contract structure indicates opportunities for streamlined acquisition and potential for recurring business through renewals.
Organizations specializing in government cloud-based communication services can leverage this to expand their footprint within Air Force and broader Department of the Air Force IT procurements.
Governor Spencer J. Cox convened a Great Salt Lake Roundtable on May 29, 2026, assembling state, federal, philanthropic, scientific, business, and conservation leaders to coordinate the next phase of restoration and protection efforts for the Great Salt Lake. This initiative follows a proposed $1 billion federal funding commitment aimed at restoring the lake's ecosystem. The event included a hands-on service project focused on trail improvements and invasive weed removal at Farmington Bay, highlighting active environmental management and collaboration.
Why this matters: The coordinated multi-agency and multi-sector approach signals upcoming procurement opportunities related to environmental restoration, conservation services, and infrastructure improvements around the Great Salt Lake.
Agencies and contractors specializing in ecological restoration, invasive species management, and trail construction should evaluate potential solicitations arising from this initiative.
The significant federal funding commitment indicates sustained investment in environmental projects in Utah, encouraging businesses to align capabilities with state and federal restoration goals.
Procurement professionals should monitor related requests for proposals (RFPs) and partnership opportunities involving state and federal natural resource agencies.
Oklahoma has enacted Senate Bill 1204, effective July 1, 2026, mandating three days of paid bereavement leave for public school teachers and staff following the death of a spouse or child, including miscarriage. This new statutory benefit supplements existing sick leave provisions and aims to support educators during personal loss while enhancing workforce retention in the state's education sector.
Procurement and HR professionals in Oklahoma's education agencies should update leave policies and payroll systems to incorporate the new bereavement leave provisions by the effective date.
Contractors providing HR, payroll, or benefits administration services to Oklahoma public schools may see increased demand to implement and manage compliance with this law.
This legislation reflects a broader trend toward expanding employee benefits in public education, signaling potential future opportunities for vendors specializing in workforce management solutions.
Organizations involved in state education procurement should consider the operational impacts of this leave policy on staffing and substitute teacher contracts.
The Oklahoma Senate adjourned its 2026 legislative session after passing a comprehensive state budget and multiple bills that allocate significant funding increases and reforms across education, healthcare, infrastructure, and public safety sectors. Notably, the budget includes a $232 million increase in education funding aimed at historic teacher pay raises and literacy initiatives, alongside investments in water infrastructure and healthcare affordability measures such as insulin cost reforms. Legislation also introduces new regulations requiring data centers to cover their own electricity and infrastructure costs without passing these expenses to Oklahoma ratepayers. These developments create procurement opportunities for contractors specializing in education services, infrastructure projects, healthcare programs, and technology compliance within the state.
Why this matters: The increased education funding and infrastructure investments signal expanded contracting opportunities for service providers and construction firms in Oklahoma.
Healthcare contractors may find new demand linked to insulin affordability programs and related public health initiatives.
Technology vendors should evaluate compliance requirements stemming from new data center regulations impacting operational costs.
Procurement professionals should align strategies with Oklahoma state agencies including the Department of Education, Department of Health, and Health Care Authority to leverage upcoming solicitations and contracts.
Senator George Burns of Oklahoma has formally submitted a letter to the Federal Energy Regulatory Commission (FERC) opposing the proposed 237.6 MW generating facility in McCurtain County. The opposition highlights concerns regarding transparency, public involvement, and potential adverse effects on tourism, wildlife, and local property rights. The project involves key stakeholders including Southwest Power Pool, Crooked Creek Solar, LLC as the interconnection customer, and AEP Oklahoma Transmission Company as the transmission owner. This opposition may influence FERC's review process and impact procurement and development timelines for the facility.
Procurement professionals should note the potential for regulatory delays or modifications due to local political and environmental concerns.
Vendors and contractors involved in renewable energy projects in Oklahoma should assess community and stakeholder engagement strategies to mitigate opposition risks.
The involvement of FERC and regional transmission entities underscores the importance of compliance with federal regulatory processes in energy infrastructure procurements.
Companies interested in transmission or generation projects in the Southwest Power Pool region should monitor developments related to this facility for future contracting opportunities or challenges.
Oklahoma's Senate has enacted Senate Bill 1989, modernizing the state's 529 college savings plan by authorizing contributions through widely used digital payment platforms including Venmo, Cash App, Apple Pay, and Google Pay. This legislative update, effective November 1, 2026, aims to simplify the contribution process, potentially increasing participation and funds managed within the state's college savings program. Procurement professionals and contractors involved in state financial systems, payment processing, and digital platform integration should note this shift toward digital payment acceptance in public savings programs.
The modernization facilitates integration opportunities for digital payment service providers with state-managed financial systems.
Agencies managing the 529 plan will require updated payment processing infrastructure and compliance with digital transaction standards.
Vendors specializing in secure digital payment solutions may find new contracting opportunities to support the state's implementation.
This change reflects a broader trend of government programs adopting consumer-friendly digital financial technologies, signaling potential future procurements in related areas.
The Oklahoma Senate has passed Senate Bill 237, which removes the state's five-year manufacturer ad valorem tax exemption for solar generation and battery storage facilities, with a sunset date set for January 5, 2028. This legislative change, pending the governor's approval expected by November 1, 2026, aligns with prior reductions in tax exemptions for wind energy and data centers. The bill aims to reduce subsidies for large out-of-state corporations and encourage investment decisions driven by market conditions rather than tax incentives.
Procurement professionals should anticipate changes in the financial landscape for solar and battery storage projects in Oklahoma, as the removal of tax exemptions may affect project cost structures and investment viability.
Contractors and vendors involved in renewable energy infrastructure should evaluate how this policy shift impacts bidding strategies and pricing models for state projects.
This development signals a potential shift toward market-driven procurement in Oklahoma's energy sector, emphasizing competitive pricing and return on investment over tax-based incentives.
Organizations planning renewable energy projects in Oklahoma should monitor the governor's decision and prepare for adjustments in procurement planning and contract negotiations based on the new tax framework.
Governor Daniel J. McKee of Rhode Island has submitted a letter advocating for amendments to House Bill H-8562, which proposes establishing an independent Office of Inspector General (OIG) to oversee fraud, waste, and abuse in state government. The current draft limits the OIG's jurisdiction to the executive branch, but the Governor recommends expanding oversight to include all branches of government, including the legislature, to ensure comprehensive fiscal accountability. Additionally, the Governor supports adding a line-item veto provision to enhance budget transparency and control. These proposed changes could significantly impact procurement funding oversight and fiscal management practices within Rhode Island state agencies.
Procurement professionals should anticipate potential changes in budget approval and oversight processes that may affect contract funding and execution.
Expanded OIG jurisdiction may lead to increased audits and reviews of procurement activities across all government branches, emphasizing compliance and transparency.
Vendors and contractors should prepare for heightened scrutiny and possible adjustments in contract administration as fiscal oversight mechanisms evolve.
Organizations involved in Rhode Island state procurement should monitor legislative developments related to H-8562 for implications on procurement policies and fiscal controls.
New England governors, led by Rhode Island Governor Dan McKee and including Massachusetts, Connecticut, Maine, New Hampshire, and Vermont, jointly petitioned the Federal Energy Regulatory Commission (FERC) to deny a proposed increase in allowed profits for transmission owners in the region. This follows FERC's recent decision to lower the return on equity (ROE) for transmission utilities and mandate refunds to customers, reflecting ongoing regulatory efforts to control electricity costs and protect ratepayers. The governors expressed concerns that raising transmission rates would increase costs for households and businesses, harm regional economic competitiveness, and hinder investments needed for grid reliability and access to additional electricity supplies.
Why this matters: Procurement professionals and contractors involved in transmission infrastructure projects should anticipate continued regulatory scrutiny on transmission cost structures and profit margins in New England.
The opposition to profit increases signals potential constraints on transmission owner revenues, which may impact contract negotiations and project financing.
Agencies and vendors should consider the economic and regulatory environment when planning transmission investments or bidding on related contracts in the New England region.
This development underscores the importance of aligning transmission projects with affordability, reliability, and regional energy policy goals to secure regulatory approval and funding.
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Physical Infrastructure
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Construction & Infrastructure
The State of Rhode Island, led by Governor Dan McKee, has successfully implemented the RhodeRestore program, which has utilized $33.5 million in state grants to stimulate $140 million in municipal road repairs across 1,370 projects over the past three years. For fiscal year 2027, the governor has proposed an additional $10 million in funding to continue this matching grant initiative, encouraging municipalities to invest in local road infrastructure with expedited project approvals managed by the Rhode Island Department of Transportation (RIDOT).
The RhodeRestore program demonstrates a strong state-local partnership model, leveraging state funds to maximize municipal road repair investments.
Procurement professionals should note the matching grant structure and RIDOT's role in rapid project approvals, which may influence contracting timelines and requirements.
Municipalities including Pawtucket, East Providence, North Providence, and Woonsocket are key participants, indicating regional opportunities for contractors specializing in road and infrastructure projects.
The continuation and expansion of RhodeRestore funding for FY27 signals ongoing demand for construction and infrastructure services within Rhode Island's local governments.
