Kentucky targets prediction markets, puts red state in potential clash with Trump team
CoinDesk·
60-second summary
Kentucky is targeting prediction markets, defying President Donald Trump's stance that states should not regulate firms like Kalshi and Polymarket. The move puts a red state in potential conflict with Trump's team, which has criticized such markets as unregulated and potentially problematic. This development may challenge Trump's views on the matter.
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.