Trump Backs CFTC as Sole Regulator of Prediction Markets in State Showdown

On Tuesday night, President Donald Trump in a Truth Social post said that it is “critically important” that the Commodity Futures Trading Commission (CFTC) keep “exclusive authority” over prediction market platforms. This is coming at a time when platforms like Polymarket, Kalshi, Robinhood and Crypto.com are coming under fire by regulators across the U.S.  The...