Trump Backs CFTC Over Prediction Markets, Calls State Officials ‘Scum’
Federal oversight gains the president’s backing as states push to bring prediction markets under their own gambling laws.
The Defiant·
CFTC Chairman Rostin Behnam said prediction markets provide measurable value to participants and the public, committing the agency to setting regulatory standards for the sector.
Read full articleFederal oversight gains the president’s backing as states push to bring prediction markets under their own gambling laws.
Trump supports crypto growth and prediction markets while defending CFTC authority and warning against state-level regulatory interference across America. U.S. President Donald Trump strongly supported the crypto industry and prediction markets in recent remarks. The U.S. needs to continue to safeguard innovation and remain a leader in digital finance markets, he said. Trump also emphasized […] The post Trump Pushes Crypto Boom, Defends CFTC Control Over Prediction Markets appeared first on Live Bitcoin News.
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A permissionless exchange protocol called Exchange OS has gone live on OKX’s Xlayer network, allowing any developer to deploy spot markets, perpetual futures, and prediction markets on shared infrastructure, with Glassnode serving as the official onchain data provider. Glassnode Powers Exchange OS Launch on OKX’s Xlayer Onchan analytics provider Glassnode confirmed on May 26, that […]
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US President Donald Trump says it is “critically important” that the CFTC has sole authority over prediction markets, and took aim at several state officials.
President Donald Trump posted a public statement Tuesday defending the Commodity Futures Trading Commission’s (CFTC) exclusive federal authority over prediction markets and warning that the United States must protect its position as the world’s leading crypto destination. Trump Backs CFTC Chairman Selig on Prediction Markets, Warns States to Stand Down On Truth Social, Trump directed […]
U.S. President Donald Trump has backed the CFTC’s exclusive authority over prediction markets as federal and state officials fight over who should regulate the fast-growing sector. According to Trump’s Truth Social post late Tuesday, keeping the Commodity Futures Trading Commission…