US President Donald Trump said the Commodity Futures Trading Commission should retain exclusive authority over prediction markets in a Truth Social post. He praised CFTC nominee Michael Selig and criticised Democratic politicians opposing the sector, but gave no details of the rules he said should apply.
Trump's position signals support for federal CFTC oversight as states challenge prediction-market activity.
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Gambling Insider, citing a New York Times investigation, reported that Donald Trump Jr. advocated for prediction markets before Republican state attorneys general in March. The report said White House officials separately conveyed federal policy to North Carolina lawmakers. North Carolina's budget imposed a 6% prediction market tax and recognised that CFTC-registered platforms could operate without state licences.
US President Donald Trump urged Congress to pass the Clarity Act at a White House meeting with cryptocurrency and financial-industry executives. Prediction-market representatives were not invited, and a person familiar with the meeting said the administration had decided to focus on crypto; the CFTC’s Innovation Advisory Committee was due to meet the following day.
US President Donald Trump plans to meet prediction market and cryptocurrency company executives at the White House on 19 August, citing Bloomberg. Expected attendees include executives from Polymarket and Kalshi, alongside Commodity Futures Trading Commission chairman Michael Selig.
A White House spokesperson said prediction-market companies would not attend President Donald Trump’s technology-sector event, contradicting reports that executives from Polymarket and Kalshi might take part. The event was described as a meeting with technology leaders; prediction markets were due to feature at the CFTC Innovation Advisory Committee meeting in Washington.
Former White House chief of staff Mick Mulvaney said President Donald Trump is not prioritising who regulates prediction markets, according to the report. Mulvaney discussed the federal-state dispute over sports event contracts at a gaming legislators’ meeting and predicted that the US Supreme Court would ultimately decide the question.