‘Critically important’: President Trump backs CFTC Chair Selig’s push to expand prediction market authority
The Block
President Trump has publicly supported CFTC Chair Michael Selig's efforts to maintain exclusive federal jurisdiction over the growing prediction market sector.Summary
President Donald Trump has expressed strong support for Commodity Futures Trading Commission (CFTC) Chair Michael Selig, emphasizing the need for the agency to maintain exclusive authority over prediction markets. Selig has been actively asserting this jurisdiction, leading to legal conflicts with several states that believe these platforms violate local gambling laws. Trump also reiterated his commitment to keeping the U.S. at the forefront of the cryptocurrency industry. Meanwhile, the agency faces internal and external scrutiny following reports of staff departures concerning firms with ties to the Trump family.
(Source：The Block)