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Trump pushes prediction markets over state regulators

ReadWrite·Suswati Basu·3 days ago
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Trump just posted what may be the most aggressively pro-prediction-market presidential rant in modern American history — a sentence that somehow exists now. In a sprawling Truth Social post , President Donald Trump threw his full support behind prediction markets, declared America the “Crypto Capital of the World,” praised his handpicked CFTC chair, attacked blue-state regulators, and effectively told the gambling-law crowd to get lost. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive,” Trump wrote Monday, framing the industry not as online betting with extra spreadsheets, but as a patriotic financial innovation project. And just in case anyone missed the message, Trump added that prediction markets are a “new form of Financial Market” that other countries are “after,” because apparently the global race for dominance now includes both artificial intelligence and betting on whether Taylor Swift will attend the Super Bowl.…

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