President Trump signals support for CFTC regulation of prediction markets, citing competitive disadvantages for the US.
President Trump has voiced support for the Commodity Futures Trading Commission (CFTC) overseeing prediction markets in the US. He argued that other countries’ adoption of such markets leaves the US at a disadvantage if it fails to act.
The comments follow recent discussions with CFTC Chairman Selig, who previously addressed regulatory challenges and crypto integration. Prediction markets remain a contentious topic among state officials, some of whom Trump criticized in his remarks.
No immediate market reaction was reported, though the endorsement could influence regulatory momentum for prediction market frameworks.