These states are fighting prediction markets. The Trump admin is furious |
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These states are fighting prediction markets. The Trump admin is furious
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Published May 24, 2026 6:30AM (EDT)
Many states are trying to crack down on the newest frontier in the financial wild west: prediction markets. Although best known as places for betting on sports, which the Supreme Court ruled is legal during President Donald Trump’s first term, these platforms have ballooned in usage in the past year with users betting on all manner of topics from presidential elections to warfare. The conflicts of interest and questionably moral options to bet on the misfortune of others has prompted many states to........