Kentucky targets prediction markets, puts red state in potential clash with Trump team
President Donald Trump has taken the stance that states have no business with firms like Kalshi and Polymarket, and now a staunch GOP state is defying that view.
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Summary
- Kentucky has joined with the other U.S. states that have brought lawsuits against prediction market platforms engaging in sports betting.
- The state adds a wrinkle in the legal fight with the industry, because it’s a politically conservative state that’s been a supporter of President Donald Trump, though the president sides with his federal regulator and the prediction market firms.
