White House starts review of CFTC’s prediction markets rulemaking as Trump backs agency authority
The Block
The White House is reviewing new CFTC rules for prediction markets while President Trump asserts the agency's exclusive regulatory authority over the sector.Summary
The White House Office of Information and Regulatory Affairs has begun reviewing proposed rules from the Commodity Futures Trading Commission (CFTC) regarding prediction markets. This development follows President Donald Trump’s public support for CFTC Chair Michael Selig’s push to establish the agency’s exclusive jurisdiction over these platforms. The move comes amidst ongoing legal conflicts with several U.S. states, such as Illinois and New York, that seek to apply local gambling and insider trading regulations to services like Polymarket and Kalshi.
(Source：The Block)