Trump Jr. Pressed Republican AGs to Back Prediction Markets as State Crackdown Intensifies

Donald Trump Jr.

urged Republican state attorneys general not to target prediction markets, placing the Kalshi and Polymarket prediction platforms at the center of a prominent issue over whether prediction markets like Kalshi and Polymarket should be treated as federally regulated financial exchanges or as state gambling operations.

Speaking at the Republican Attorneys General Association’s conference in New Orleans in March, The New York Times reported that Trump Jr.

was concerned that gambling companies would lobby states to protect their existing “monopolies” and wished that prediction markets were federally regulated and not regulated by individual states.