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Anush Jafer

Trump urges exclusive CFTC control over prediction markets as states escalate challenges

On Tuesday night, President Donald Trump said in a Truth Social post that it is "critically important" for the CFTC to retain "exclusive authority" over prediction market platforms as state regulators intensify scrutiny. The agency is litigating against Wisconsin, Illinois, Arizona, Connecticut and New York, while Minnesota has moved to criminalize prediction markets and a multi-state attorneys general coalition has backed Massachusetts against Kalshi's sports contracts.
TRUTH
TRUTH+5.56%
CRO
CRO+0.86%
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