Trump: ‘Critically important’ CFTC has exclusive authority over prediction markets
Trump said prediction markets should thrive under federal oversight as states press gambling claims and the Trump administration sues to block new restrictions.
- Trump said that prediction platforms will "thrive" under the CFTC's exclusive jurisdiction and that states should be prohibited from creating separate rules for this industry.
- Trump reiterated that the U.S. is the "Crypto Capital of the World" and his administration won't let other nations threaten America's leadership in the cryptocurrency market, calling it "a major industry" that "must be protected."
- States have taken the position that prediction market contracts are actually gambling and should be supervised by state gaming regulators or banned entirely, while the CFTC has taken the position that all such contracts fall under its jurisdiction.
26 Articles
26 Articles
Capitol Fa - Your Illinois News Radar » Trump calls Pritzker, others ’scum’ for trying to ban prediction marketsCapitolFax.com
* National Politico… President Donald Trump is throwing his weight behind the fast-growing world of prediction markets in their fight against state gambling regulators. In a Truth Social post, Trump took aim at several officials whose states have sought to clamp down on prediction market platforms like Kalshi and Crypto.com, saying it’s “critically important” that federal regulators [...]
Trump boosts prediction markets as his family profits
US President Donald Trump on Tuesday used his social media platform to boost prediction markets – a burgeoning industry from which Trump’s family stands to profit – and lashed out at state leaders working to regulate them, singling out officials in Illinois, New York and elsewhere as “scum.” Trump, whose administration is considered by some to be the most brazenly corrupt […] The post Trump boosts prediction markets as his family profits appeare…
Trump: "Scum" Dems Want Rules On Prediction Markets
Yahoo Finance reports: U.S. President Donald Trump is singing the praises of prediction markets such as Kalshi and Polymarket. On social media, Trump said it’s “critically important” that regulator the Commodity Futures Trading Commission (CFTC) keep “exclusive authority” over prediction markets. “Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” he posted. “We cannot have SCUM like Chris Christi…
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