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Trump Defends Prediction Markets in Major US Crypto Power Play

2026-05-27 02:07:51

Story Highlights* Trump has backed prediction markets like Kalshi and Polymarket, maintaining the need for America to ascertain dominance in the crypto industry.

The statement comes amid a power struggle between state and federal authorities over the regulation of event markets.
Ethical onlookers note the conflict of interest in the POTUS's declaration, since his son is an advisor to these markets.

KALSHI-3.07%

POLYMARKET0.56%

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