Trump Softens Prediction Market Criticism, Says 'Smart' People Support It

Trump softened his criticism of prediction markets, a sector that handles over $7 billion in weekly trading volume. The president said he was not sure where he stood and said some “very smart” people support the industry, two days after calling it part of a “casino.” The comments came as prediction market platforms battle state lawsuits over whether event contracts fall under federal CFTC authority or state gambling laws.

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