Trump Endorses Federal Control Over Prediction Markets

Former US President Donald Trump has made a public statement in support of the Commodity Futures Trading Commission's (CFTC) exclusive authority over prediction markets.

In his comments, Trump criticized state-level efforts to restrict these platforms and named several officials who oppose federal control. He emphasized the importance of maintaining US leadership in both prediction markets and the broader crypto industry, including Bitcoin.

This move signals strong White House backing for federal regulation over state crackdowns, aiming to protect innovation and maintain the US as a global crypto hub.