Trump: ‘Critically important’ CFTC has exclusive authority over prediction markets
Trump said 41 states and the District of Columbia should not set separate rules as the CFTC fights state crackdowns in court.
- 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.
43 Articles
43 Articles
‘It’s a loophole’: Shut out from most gambling, 18-to-21 crowd rushes to prediction sites
By Marshall Cohen, Elisabeth Buchwald, CNN (CNN) — When Andrew needed money for a flight with friends to Greece this summer, the 18-year-old high school senior turned to prediction markets. With a $500 cash advance from his credit card company, Andrew sat in a Starbucks for more than six hours, trading on live tennis matches on Kalshi. He left with a $2,200 profit. Andrew continued using Kalshi to supplement wages from a part-time job, funding g…
CNN Tries to Characterize Trump as a Radical Prediction Market Enabler
As prediction markets like Polymarket and Kalshi become a more and more pervasive part of modern sports, culture, and news, CNN accused Trump of letting them run loose over American society. On this Thursday’s episode of Situation Room, senior reporter Marshall Cohen highlighted President Trump’s battles against state regulation measures while conveniently omitting his endorsements of the existing federal regulation body in their stead. The segm…
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…
Coverage Details
Bias Distribution
- 45% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
