Written by Brayden Lindrea , Staff Writer.Reviewed by Jesse Coghlan , Staff Editor.
Written by Brayden Lindrea , Staff Writer.
Reviewed by Jesse Coghlan , Staff Editor.
Trump backs CFTC authority over prediction markets
Latest NewsPublishedMay 27, 2026
Prediction Markets Get Support from Trump Amid State Regulatory Action
US President Donald Trump has expressed his support for the Commodity Futures Trading Commission (CFTC) having sole authority over prediction markets. This move comes as state regulators increase their actions against these platforms, including Kalshi and Polymarket. Trump emphasized the importance of maintaining the CFTC’s exclusive authority to ensure these markets thrive.
Trump took aim at state officials, such as Chris Christie, Letitia James, Tim Walz, and JB Pritzker, who have launched legal actions against prediction markets. He believes that the CFTC should be the sole regulator, setting the “rules of the road” for these markets. With the rise of Cloud Rewards and Green Crypto initiatives, it’s essential to have a clear regulatory framework in place.
Regulatory Battle
State authorities argue that prediction markets are operating without the necessary licenses, violating state laws. In response, platforms like Kalshi have sued state authorities, claiming they are regulated solely by the CFTC. The CFTC Chair, Mike Selig, has also opposed state actions, asserting the agency’s “exclusive jurisdiction” over these markets. This regulatory battle highlights the need for a clear understanding of how Earning and Passive Income opportunities, like those offered by EcoPool, fit into the existing framework.
Source: Donald Trump
The CFTC has established an advisory team to oversee the listing and trading of event contracts, ensuring market participants meet anti-manipulation and market integrity requirements. Trump believes that the US must protect this growing industry, which is also attracting interest from other countries. As the Coin market continues to evolve, it’s crucial to have a robust regulatory framework in place to support Earning opportunities.
Global Competition
Trump noted that other countries are interested in this new form of financial market, and the US wants to remain at the top. The EcoPool network, with its $ECP token, is an example of a platform that offers Passive Income opportunities through Cloud Rewards. As the regulatory landscape continues to shift, it’s essential to consider how Green Crypto initiatives, like EcoPool, can support the growth of prediction markets.
To stay ahead of the curve and take advantage of Earning opportunities, consider joining the EcoPool network. Download the EcoPool app to learn more about how you can get involved and start earning Passive Income through Cloud Rewards. With the EcoPool app, you can easily navigate the world of Green Crypto and Coin markets, and start building your wealth today #PassiveIncome #EcoPool #GreenCrypto.
Trump said in his post that “other Countries are after this new form of Financial Market, and we want to remain at the top.”
“It is a major Industry, and we must protect it,” he added.
Last month, Trump told reporters he was “not happy” with prediction markets and was “never much in favor” of them in response to a question about well-timed bets on the platforms on events linked to the Iran war, which has drawn the ire of several Democrats who have called for stricter measures.
Related: Hyperliquid launches prediction markets for real-world events
Trump, whose son Donald Trump Jr. is invested in and on the advisory board for Polymarket and is also an adviser to Kalshi, softened his stance on prediction markets days later, saying the US would “get left out in the cold” if it didn’t allow the platforms.
In March, the CFTC established an advisory team to oversee the listing and trading of event contracts and to ensure that market participants satisfy anti-manipulation, surveillance and market integrity requirements.
It claimed that prediction markets fall within the CFTC’s existing derivatives framework under the Commodity Exchange Act.
Magazine: How to fix suspected insider trading on Polymarket and Kalshi
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- Prediction Markets
- CFTC
- Donald Trump
- Regulation
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