US President Donald Trump says the CFTC must have sole authority over prediction markets. He criticized state officials for interfering in these platforms that allow bets on future events.

US President Donald Trump has stated that it is critically important for the Commodity Futures Trading Commission to hold sole authority over prediction markets. These platforms let users bet on future events, often using digital assets. Trump took aim at several state officials who have tried to regulate the space. His comments highlight growing interest in these markets among crypto users. Clear federal oversight could help shape how such platforms operate going forward and reduce conflicting rules from different states.