Donald Trump Faces 'Grift' Accusations: POTUS Allegedly Dismantled Crypto Oversight to Help Family Business
The administration is backing federal control as 16 states fight legal battles over rules for betting platforms, according to reports.
- On Sunday, The New York Times reported that the Trump administration is using the Commodity Futures Trading Commission to halt state-level efforts regulating online betting platforms like Kalshi and Polymarket.
- The administration's enforcement retreat coincides with Don's financial entrenchment in the sector; his role as adviser and investor in Polymarket through 1789 Capital helped the platform's value surge to $9.6 billion.
- Internal documents and former staff allege the agency systematically "mowed down" officials who questioned betting market ties to President Donald Trump's family, including Rachel Berdansky and Rahul Varma.
- Minnesota passed a law last week banning these platforms, prompting an immediate federal lawsuit from the CFTC, which asserts it is "the only entity that can regulate" such markets as 16 states pursue legal action.
- The White House and Trump Organization have not addressed allegations that the agency is prioritizing the president's family financial interests, while veteran CFTC official Gretchen Lowe described the politicization as "unprecedented" in modern memory.
14 Articles
14 Articles
Trump clears path for industry cronies to ‘mow down’ staff at key watchdog agency: report
A Sunday report in The New York Times revealed how the Trump administration is using a key government agency to shut down any efforts to regulate online betting markets such as Kalshi and Polymarket.According to the Times, the administration has stacked the Commodity Futures Trading Commission (CFTC...
Donald Trump Faces 'Grift' Accusations: POTUS Allegedly Dismantled Crypto Oversight to Help Family Business
Donald Trump is facing fresh accusations of using the power of the presidency to benefit his family business interests in online betting and digital assets, as a key US financial regulator in Washington sharply scales back oversight of crypto and prediction markets. The claims centre on Donald Trump's second term in the White House and his eldest son, Donald Trump Jr, whose growing footprint in the sector coincides with a dramatic retreat in enf…
The Trump Administration Is Shielding Prediction Markets
A Sunday report in The New York Times revealed how the Trump administration is using a key government agency to shut down any efforts to regulate online betting markets such as Kalshi and Polymarket. According to the Times, the administration has stacked the Commodity Futures Trading Commission (CFTC) with industry insiders who have systematically “mowed down” staffers at the agency who have… Source
Report Exposes How Trump Administration Has 'Mowed Down' Regulators Overseeing Prediction Markets
The Trump administration is using the CFTC to shut down efforts to regulate online betting markets like Kalshi and Polymarket. Industry insiders are mowing down regulators, sparking legal battles with states.
NYT Probe Says CFTC Cleared Hurdles for Trump-Linked Crypto Firms
Why Is The CFTC Facing New Scrutiny? A New York Times investigation published Sunday found that career officials at the Commodity Futures Trading Commission who raised concerns about Polymarket, Crypto.com, and Gemini affiliate Gemini Titan were pushed out of the agency after objecting to regulatory treatment of the firms. The report, based on agency records and interviews with more than 30 current and former staff members and company officials,…
CFTC Officials Suspended After Flagging Prediction Market
Former CFTC officials were reportedly suspended and sidelined after raising concerns about prediction market firms linked to major crypto companies and Trump-affiliated interests. The investigation has intensified scrutiny over the agency’s shifting approach to crypto enforcement and regulatory oversight.
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