According to Bloomberg, Trump publicly supports the CFTC and advocates for its exclusive rights over prediction markets. The CFTC has submitted a proposal for event contract prediction markets to the OMB for review, indicating growing disagreements between federal and state regulators. If the rule is approved, it will become the United States' first federal prediction market framework, potentially impacting platforms like Kalshi, Polymarket, and others operating in the U.S.

CoinNetwork

2026-05-27 21:52:44

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CoinWorld News reports that, according to Bloomberg, President Trump has recently publicly supported the Commodity Futures Trading Commission (CFTC) and said the agency should have exclusive rights over prediction markets. The CFTC has submitted a proposal on prediction market event contracts to the White House Office of Management and Budget for review, a move that signals an intensification of the struggle between federal and state officials over how to regulate this rapidly growing sector. The proposal is expected to be based on the CFTC’s consultation held in the spring, which attracted more than 3,000 public comments covering insider trading, banned contracts, market safeguards, and the legal structure of event contracts. If this rule is approved, it would provide the United States with the first comprehensive federal prediction market contract framework. This could affect how platforms such as Kalshi and Polymarket serve U.S. users, especially as the industry faces increasing legal pressure from state regulators.

KALSHI-2.44%

POLYMARKET4.92%

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ButterStop-LossLine

· 3h ago

If the CFTC truly secures exclusive rights, Kalshi and Polymarket will have to re-queue.

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Trump supports the CFTC, predicts market regulation will undergo White House review

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