Trump administration sues Kentucky to block challenges to prediction market regulations

A Trump administration organization that oversees regulation of derivatives markets has sued Kentucky to block efforts by the state’s attorney general to prevent two prediction market companies from operating what he says are unlicensed and illegal sports gambling operations.

The Commodity Futures Trading Commission filed the lawsuit against Kentucky in federal court Tuesday. Republican Attorney General Russell Coleman, along with Democratic Gov. Andy Beshear, Department of Revenue Commissioner Thomas Miller and the Kentucky Horse …