Trump: ‘Critically important’ CFTC has exclusive authority over prediction markets
“It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” Trump wrote in a post on Truth Social. His comments follow lawsuits filed by the administration against Minnesota, New York, Arizona, Wisconsin, Connecticut and other states for policies that restrict state residents’ use of prediction markets, which allow people to bet on the outcome of future events.
- ▪“It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive.
- ▪Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” Trump wrote in a post on Truth Social.
- ▪His comments follow lawsuits filed by the administration against Minnesota, New York, Arizona, Wisconsin, Connecticut and other states for policies that restrict state residents’ use of prediction markets, which allow people to bet on the o
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Administration Trump: ‘Critically important’ CFTC has exclusive authority over prediction markets Comments: by Ashleigh Fields - 05/26/26 7:54 PM ET Comments: Link copied by Ashleigh Fields - 05/26/26 7:54 PM ET Comments: Link copied NOW PLAYING President Trump on Tuesday said it was “critically important” for the Commodity Futures Trading Commission (CFTC) to maintain exclusive authority over prediction markets, following several lawsuits against states for attempting to either ban or enact regulations for betting markets. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” Trump wrote in a post on Truth Social.
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