President Trump says it is “critically important” that the CFTC keep exclusive authority to oversee prediction markets, as some states attempt to regulate them
President Trump on Tuesday said it was “critically important” for the Commodity Futures Trading Commission (CFTC) …
The Hill Ashleigh Fields
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- It is critically important that the CFTC's exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting “rules of the road” that are the Gold Standard for the States. We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules! … @realDonaldTrump@truthsocial.com · Donald J. Trump
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Discussion
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@marshallcohen
Marshall Cohen
on x
Breaking down President Trump's most comprehensive comments yet about PREDICTION MARKETS: —Full-throated endorsement of the view that prediction platforms are “financial markets” (not gambling) and therefore can only be regulated by the @CFTC , not the states. (This is already [i…
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@ralstonreports
Jon Ralston
on x
Based on his track record with casinos, it's clear Trump does not understand what gambling is. I wonder what Nevada's governor thinks...
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@chrismurphyct
Chris Murphy
on x
More evidence of how the corruption works. Trump and his family are making tons of money off these new prediction markets - and so of course he is leading the charge against consumer protections and for preferential regulatory treatment of his companies.
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@1drcole
Dr. Cole
on x
@ChrisMurphyCT Wow, what a totally unpredictable twist! Trump and the family grift machine are cashing in on prediction markets, so suddenly they're a ‘financial genius’ that only Daddy's CFTC can touch. Don Jr. must be so proud of his investment portfolio. Consumer protection? T…