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Trump's attitude toward prediction markets softens, saying the United States cannot be "left out"
BlockBeats News, April 28 — According to Cointelegraph, U.S. President Trump, who had just said a few days ago that he “doesn’t like” prediction markets, changed course on April 28 and softened his stance. Trump told reporters in Florida, “Many other countries are doing prediction markets. If the U.S. doesn’t do it, we’ll be left out.” He admitted that some “very smart people” like this product.
Previously, on April 24, Trump had responded that he was “not satisfied” with prediction markets, believing that “the whole world has become a bit like a casino.” At present, prediction markets such as Polymarket and Kalshi are seeing a surge in usage, with the two trading platforms reaching a record total trading volume of $23.6 billion in March. Trump’s son, Donald Trump Jr., has invested in Polymarket and serves as its adviser, and he also serves as an adviser to Kalshi. In addition, Trump Media previously announced that it would partner with Crypto.com to launch prediction market products on Truth Social.