Trump backs federal rules for prediction markets in regulatory clash
TL;DR
Trump endorsed federal oversight of prediction markets like Kalshi and Polymarket, urging the CFTC to set rules so the new markets can thrive amid a growing clash with state regulators who accuse the platforms of flouting gambling laws; the CFTC, led by Trump appointee Michael Selig, has backed the industry in lawsuits against New York, Illinois and Minnesota, and Trump Jr. has ties to Kalshi and Polymarket through advisory roles and investments.
- ‘SCUM’: Trump enters prediction market fight with swing at regulator's critics Politico
- Trump pledges to protect the crypto industry and ensure prediction markets ‘thrive’ NBC News
- Trump Backs CFTC as Prediction Market Regulator Amid State Fight Bloomberg.com
- Trump: ‘Critically important’ CFTC has exclusive authority over prediction markets The Hill
- Trump: Some Prediction Market Opponents Are 'Scum' Event Horizon | Dustin Gouker
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