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Trump: Maintaining the CFTC's exclusive jurisdiction over prediction markets is "crucial"

比特范_
PANews May 27 News, according to The Block, U.S. President Trump posted on social media, publicly supporting his appointed Commodity Futures Trading Commission (CFTC) Chairman Michael Selig's efforts to expand jurisdiction over prediction markets, calling the issue "crucial." Trump stated that maintaining CFTC's exclusive jurisdiction over prediction markets is vital, and prediction markets should thrive. Over the past year, Selig has advocated for CFTC's "exclusive jurisdiction" over prediction markets and has filed lawsuits against five states including Wisconsin, Illinois, Arizona, Connecticut, and New York. Trump also used this to emphasize support for the crypto industry, claiming the U.S. is the "capital of Bitcoin and other crypto assets."
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