Latest betting market development: Trump administration sues three states over attempts to regulate prediction markets. Analysis for sports bettors and prediction market participants.
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What You Need to Know
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- Technology Trump administration sues three states over attempts to regulate prediction markets April 2, 2026 3:54 PM ET Bobby Allyn An app for Kalshi, an online prediction market site, is shown on a p
- Multiple states have tried to block the company from operating, citing state gambling laws
- But the federal government has sued to block those state laws to allow Kalshi and other prediction markets to operate
- Scott Olson/Getty Images hide caption toggle caption Scott Olson/Getty Images The Trump administration on Thursday filed lawsuits against three states, arguing that the controversial prediction market
- The trio of legal actions against Illinois , Connecticut and Arizona is the furthest Trump officials have gone to try to override state laws and set the rules for a fast-growing industry that has run
- For months, Trump officials have voiced support for the prediction market industry, but experts say the federal suits represent a sharp escalation
- Source: Trump administration sues three states over attempts to regulate prediction mark
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Published by Bocphot on April 03, 2026. Source: Trump administration sues three states over attempts to regu
