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

Golden Finance reports that on May 27, U.S. President Donald Trump posted on social media saying that maintaining the Commodity Futures Trading Commission (CFTC)’s exclusive jurisdiction over prediction markets is crucial. He said that prediction markets must be allowed to flourish, and that he is working on “roadmap rules” to become the gold standard for all states. He emphasized that other countries are competing for this new type of financial market, and that the U.S. must stay ahead and protect the global cryptocurrency industry.
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