Trump Defends CFTC Jurisdiction Over Prediction Markets

May 27, 2026 - 04:30
Trump Defends CFTC Jurisdiction Over Prediction Markets
US President Donald Trump has backed the Commodity Futures Trading Commission as having the “exclusive authority” over prediction markets, as state regulators’ action against the platforms mounts. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive,” Trump posted to his social media platform Truth Social...

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