An app for Kalshi, an online prediction market site, is shown on a phone. 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
Scott Olson/Getty Images
The Trump administration on Thursday filed lawsuits against three states, arguing that the controversial prediction market industry should be solely regulated by the federal government, not by state gambling commissions.
The trio of legal actions against Illinois, Connecticut and Arizona is the furthest Trump officials have