White House reviews CFTC prediction-market rule as Trump backs federal control
CoinDesk
The White House is reviewing a new CFTC proposal aimed at establishing a federal framework for U.S. prediction markets.Summary
The White House's Office of Information and Regulatory Affairs is currently reviewing a proposed CFTC rule concerning prediction markets. This move signals a significant effort to establish a comprehensive federal framework for event contracts, following ongoing legal disputes regarding whether platforms like Kalshi and Polymarket should be regulated at the state or federal level. The review aligns with recent public support from President Donald Trump, who has emphasized the importance of the CFTC maintaining exclusive authority over the sector.
(Source：CoinDesk)