# US States Set Crypto Policy Without Congress

Without a federal market-structure law, US states will keep writing their own crypto and prediction-market rules in opposite directions. Some will expand public-fund exposure and others will apply gambling or money-transmission law to operators. The result is a fragmented state-by-state compliance map that raises operating costs and litigation risk for national venues until Congress preempts it.

- Conviction: 35 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-11-12T00:00:00.000Z
- Last updated: 2026-11-12T14:14:59.541Z
- Canonical: https://polylog.news/crypto/trends/states-fill-federal-crypto-vacuum
- Publisher: Polylog

## Recent evidence

- [confirms] Texas Bill Would Let Cities and Counties Put $10 Million Each Into Crypto as a New York Judge Rules Against Novig (2026-11-12): A Texas bill would let cities and counties put up to $10 million each into crypto. In New York, a judge ruled against prediction-market operator Novig by applying the state's gambling law. These are two opposite state-level moves made in the absence of federal market-structure legislation.