Trump praises prediction markets, defends CFTC as court cases compound

President Donald Trump recently emphasized the critical need for the Commodity Futures Trading Commission (CFTC) to maintain exclusive jurisdiction over prediction markets, positioning these platforms as essential financial innovations. His comments come as the CFTC faces escalating legal battles with various U.S. states, whose officials argue that these markets constitute illegal gambling. While the administration seeks to establish national standards to keep the U.S. competitive globally, several countries have moved to ban such platforms. The situation is further complicated by reported internal agency concerns regarding the approval of companies with ties to the Trump family, as well as broader congressional investigations into the sector's operations.

(Source：CoinDesk)