Federally regulated sports prediction markets would be allowed to keep operating in the U.S. under a Trump administration proposal, signaling Washington will not treat them as illegal sports betting.
The move cuts against opposition from states and the gaming industry, which have been pressing to classify those contracts as sports wagers subject to state gambling rules.
That stance points to a federal-state clash over who governs event-based sports contracts, with implications for prediction-market operators and the broader sports-betting business.