No real-money prediction markets in the US till 2010 or 2011 —at best.

Start-Ups Hedging Their Bets On Online-Gambling Legislation.

Wall Street Journal:

Gerard Cunningham, president of BetFair US, the world’s largest legal online gaming company, isn’t confident that the bills will get their proper hearing in Congress soon.

“The challenges those bills face is the amount of things going on in Washington,” Cunningham said. “They have other concerns now… maybe next year… maybe the year after.”

2010 … 2011