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News & Current Events Apr 3, 2026 at 7:53 AM

Trump administration sues three states over attempts to regulate prediction markets

Posted by Vrgom20

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CornerPutrid5424 Apr 3, 2026 +1
I genuinely thought they were supposed to be the party of "states' rights" tbh. guess that strict constitutional principle magically disappears the second it interferes with unregulated corporate gambling ngl.
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Fallouttgrrl Apr 3, 2026 +1
It's because the people in Trump's orbit are the ones doing the predictions
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well-of-wisdom Apr 3, 2026 +1
If you are the one making the decision, then it is not a prediction.
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anonkitty2 Apr 3, 2026 +1
One of the problems with prediction markets is that they are allowed insider trading.
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Fallouttgrrl Apr 3, 2026 +1
I mean this is the *Trump* administration The situation changes rapidly lol
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AdComprehensive7952 Apr 3, 2026 +1
States rights to Trump only means the "right" to pay for everything on their own. Fed money only goes in his and his billionaire backers pockets, not for state costs, which is everything in the state.
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Single-Refuse174 Apr 3, 2026 +1
It’s only state’s rights when its the capacity of a state to oppress, imprison, harass, or otherwise punish people. For all other things it’s some kind of illegal if it helps people or gets in the way of the grift
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Travelerdude Apr 3, 2026 +1
Can the USA survive three more years of this administration even if it switches blue in November?
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Single-Refuse174 Apr 3, 2026 +1
Depends how blue it switches and what they do. With the recent OLC memo calling the presidential records act unconstitutional, we’re in for another legal fight to determine the scope of each branch’s power. If Congress loses its oversight power completely by SCOTUS ruling in Trump’s favor, I’m not exactly sure what power Congress has other than being a rubber stamp, and, if that’s the case, I don’t think we live in the same country anymore.
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Beneficial_Wave7649 Apr 3, 2026 +1
If you ever needed proof they make a huge sum of money by manipulating the market Here it is
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Grim_And_Crafty Apr 3, 2026 +1
His son is on advisory board for both major prediction markets sooo of course he is
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Travelerdude Apr 3, 2026 +1
F****** lawsuits! America is now the land of the shitshow.
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deithven Apr 3, 2026 +1
it looks like all the "market" in US is simply gambling - there is no real weight behind the companies and the main factor is $ and our faith in its value.
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ferrets4ever Apr 3, 2026 +1
Tell me you’re using prediction markets to grift without saying you’re using prediction markets to grift.
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Dracustein Apr 3, 2026 +1
The other day there was a suspicious spike in trading just an hour before Trump announced a fake deal with Iran. 
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