'Critically important': President Trump backs CFTC Chair Selig's push to expand prediction market authority

THE BLOCK · 2026-05-26

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President Trump has endorsed CFTC Chair Selig's initiative to expand regulatory authority over prediction markets. This move is expected to enhance the legitimacy and trustworthiness of prediction markets, accelerating the development of related financial products.

상승 영향

Prediction Markets — Presidential backing for expanded CFTC authority will increase the legitimacy and trust in prediction markets, leading to greater participation and growth.
FinTech — Regulatory clarity for prediction markets fosters a positive environment for innovative financial products, promoting investment and development across the FinTech industry.
Blockchain/DLT — Many prediction market platforms utilize blockchain technology, so market growth can accelerate the adoption and development of related technologies.

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