The Trump administration doesn't want states regulating prediction markets

To those who seek to challenge our authority in this space, let me be clear. We will see you in court. >> State governments are on notice. Lawsuits trying to regulate prediction markets like Kalshi and Poly Market are overstepping the authority of the federal government. That's the stance of the Trump administration. Several states are suing prediction markets, alleging that they operate unlicensed sports books. But the Trump administration and the companies themselves don't see their offerings as gambling ...