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Trump Backs CFTC Authority Over Prediction Markets
Trump Backs CFTC Authority Over Prediction Markets
Authored by Brayden Lindrea via CoinTelegraph.com,
US President Donald Trump has backed the Commodity Futures Trading Commission as having the “exclusive authority” over prediction markets, as state regulators' action against the platforms mounts.
“It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive,” Trump posted to his social media platform Truth Social on Tuesday.
Trump also took aim at several officials whose states have launched legal action against prediction markets, including Kalshi, Polymarket, Crypto.com and Robinhood.
“Under my leadership, we...
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