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Trump Signals Softer Tone on Prediction Markets, Points to Global Race

April 28 — President Donald Trump appeared to moderate his recent criticism of prediction markets, arguing the U.S. risks falling behind if it stays on the sidelines. Speaking to reporters in Florida, Trump said other countries are already embracing prediction markets and warned that "if the U.S. doesn't, we'll be left behind." He added that some "very smart people" support the product. The comments mark a shift from April 24, when Trump said he was "unhappy" with prediction markets and argued that "the whole world has become a bit like a casino." Activity on platforms including Polymarket and Kalshi has accelerated. The two reported a combined record trading volume of $23.6 billion in March. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform, and is also an advisor to Kalshi. Trump Media has also announced a partnership with Crypto.com to roll out prediction-market products on Truth Social.
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