The U.S. Federal Trade Commission (FTC) has initiated an early-stage review of the online sports betting industry, focusing on allegations of deceptive or misleading advertising practices by major operators such as FanDuel and DraftKings. Prediction market platforms including Kalshi and Polymarket are not expected to be included in the scope of this regulatory examination. The inquiry remains in its preliminary phase as the FTC assesses potential consumer protection concerns within the sector.