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Trump: ‘Critically important’ CFTC has exclusive authority over prediction markets

THE HILL·May 26 ago·3 min read
Photograph via The Hill
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President Trump on Tuesday said it was “critically important” for the Commodity Futures Trading Commission (CFTC) to maintain exclusive authority over prediction markets, following several lawsuits against states for attempting to either ban or enact regulations for betting markets. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that…

President Trump on Tuesday said it was “critically important” for the Commodity Futures Trading Commission (CFTC) to maintain exclusive authority over prediction markets, following several lawsuits against states for attempting to either ban or enact regulations for betting markets. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that…

President Trump on Tuesday said it was “critically important” for the Commodity Futures Trading Commission (CFTC) to maintain exclusive authority over prediction markets, following several lawsuits against states for attempting to either ban or enact regulations for betting markets. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that…

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