Trump pledges to protect the crypto industry and ensure prediction markets ‘thrive’
President Trump has pledged to protect the cryptocurrency industry and ensure the thriving of prediction markets under the exclusive authority of the CFTC. He emphasized the need for federal regulation amidst growing state-level scrutiny and opposition. Trump's financial ties to the prediction market and crypto industries have raised questions about potential conflicts of interest.
- ▪Trump insists on the CFTC's exclusive authority over prediction markets.
- ▪A growing number of states are challenging federal jurisdiction, labeling prediction markets as unlicensed gambling.
- ▪Minnesota recently passed a law banning prediction market sites, prompting a lawsuit from the Trump administration.
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MarketsTrump pledges to protect the crypto industry and ensure prediction markets ‘thrive’The president insisted that the federal government alone has the authority to regulate event-contract platforms. But a growing number of states disagree.Listen to this article with a free account00:0000:00President Donald Trump delivers remarks during a Memorial Day ceremony with U.S. Vice President JD Vance and U.S. Secretary of War Pete Hegseth at Arlington National Cemetery in Arlington, Va. Kevin Dietsch / Getty ImagesShareAdd NBC News to GoogleMay 26, 2026, 7:59 PM EDTBy Kyla GuilfoilPresident Donald Trump on Tuesday stressed the importance of establishing the U.S.
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