US President Donald Trump nominated Nathan Anonick and Matt Rowland to fill two vacancies on the Commodity Futures Trading Commission. The Senate must confirm both nominees; the CFTC chair welcomed their nominations, which come amid congressional debate over sports-event contracts on prediction markets.
The nominations could affect the commission’s membership as lawmakers debate prediction-market sports contracts.
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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.
The White House did not invite prediction-market operators to President Donald Trump’s 19 August meeting with cryptocurrency and technology leaders, a White House official confirmed. A source involved in organising the event said the administration focused it on the crypto sector. Prediction markets are due to be discussed at the CFTC Innovation Advisory Committee’s first meeting on 20 August in Washington.
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.
Illinois sports wagers fell more than 10% year on year in May to just over $1.1 billion, according to Illinois Gaming Board figures. Adjusted revenue declined almost 2% against May 2025, while sports betting tax revenue rose more than 16% to almost $53 million. DraftKings and FanDuel recorded a combined handle of $722.4 million and adjusted revenue of $82.3 million.
Donald Trump voiced support for prediction markets in a Truth Social post, criticising Democratic officials who have acted against the sector. The CFTC has filed lawsuits against Illinois, Minnesota, Arizona and Connecticut, while state-level restrictions and congressional proposals remain part of the debate, according to the report.