Trump administration backs Kalshi and Polymarket in big legal fight over U.S. betting rules
Published on: Feb. 18, 2026, 1:36 a.m. | Source: The Economic Times
The U.S. government is backing prediction market platforms in a major legal fight with several states. The dispute is about who should control these online betting-style markets — federal regulators or state gambling authorities. The outcome could change how sports betting, online prediction trading, and digital event contracts are regulated across the country in the future.
