Trump unveils rules to curb manipulation in prediction markets while preserving most sports bets

The Trump administration proposed federal regulations for prediction markets that would restrict certain sports bets vulnerable to manipulation (such as injuries, officiating outcomes, and first-pitch contracts) but would largely allow existing sports markets to continue, creating a framework for regulators to rein in problematic bets without banning the market entirely; critics say the proposal falls short of consumer protections and supporters see it as enabling responsible innovation.