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The Guardian - US
The Guardian - US
World
Roque Planas

‘Scum’: Trump attacks US states’ efforts to regulate prediction markets

Man walks past Polymarket ad in New York subway
A Polymarket advertisement in a subway station in New York. Photograph: Michael Nagle/Bloomberg via Getty Images

Donald Trump wrote in a social media post on Tuesday it was “critically important” that the federal government retain control over the multibillion-dollar prediction market industry, as he cast a critical eye on state attempts to impose new restrictions.

The Commodity Futures Trading Commission (CFTC) should retain “exclusive authority” over prediction markets, Trump said.

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