📍Trump announces support for prediction markets


📌 Trump has just spoken out in support of prediction markets and said the CFTC should continue to have full authority to regulate this sector at the federal level, rather than letting each state manage it on its own at the state level.
📌 The CFTC sees prediction markets as financial derivatives, while many U.S. states consider them a form of disguised gambling. As a result, prediction market platforms are stuck between two frameworks: financialization or gambling.
📌 Trump wants to shift power back to the CFTC. Donald Trump Jr. currently serves as an adviser to major prediction market platforms, prompting opponents to argue that regulatory policy is being pulled closer to the web of interests surrounding the Trump family.
📌 Overall, it remains a story of Trump making the most of his term to bring money in for his family.
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