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Trump Admin vs States Over Prediction Markets | Buffalo News
A fiery legal showdown is unfolding as the Trump administration, through the CFTC, backs online prediction markets like Kalshi and Polymarket — despite states like New York calling them illegal gambling operations that dodge taxes. While Kalshi argues these are regulated financial exchanges, New York sees them as tax evaders. The twist? The federal government is siding with the markets, a move that defies traditional conservative support for states’ rights — and it’s raising eyebrows because Donald Trump Jr., an advisor to Polymarket and investor in Kalshi, stands to profit millions. This…
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