Trump praises prediction markets, defends CFTC as court cases compound

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U.S. President Donald Trump said it was "critically important" that the CFTC keep "exclusive authority" over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon. "Under my leadership, we are setting 'rules of the road' that are the Gold Standard for the States," he posted . "We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules!"

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Former President Trump praised prediction markets and defended the CFTC's exclusive authority over them, criticizing state-level regulatory attempts. This emphasizes a push for federal regulatory clarity for prediction markets.

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