Kentucky targets prediction markets, puts red state in potential clash with Trump team (opens original article in a new tab)

Kentucky has sued prediction market platforms Kalshi and Polymarket, accusing them of illegal sports betting and violating state laws, creating a political conflict with Trump's stance on federal regulation of the industry.

• Kentucky sued Kalshi and Polymarket over illegal sports betting without a license
• Kentucky's attorney general accused the companies of breaking state laws and not providing resources for gambling problems
• Kentucky is a Republican state that supports Trump, but is opposing his policy on prediction market oversight