President Donald Trump has publicly backed prediction market platforms amid legal and regulatory challenges from several US states.
In a post made to his social media platform, Truth Social, Trump said it was important that prediction market companies remain under the oversight of the Commodity Futures Trading Commission and continue operating without interference from state regulators.
“Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” Trump wrote. “We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules! ”
Several states have argued that prediction market platforms violate gambling laws.
