Trump Emphasizes Importance of CFTC's Jurisdiction Over Prediction Markets

U.S. President Donald Trump recently highlighted the critical role of maintaining the Commodity Futures Trading Commission's (CFTC) exclusive jurisdiction over prediction markets. According to ChainCatcher, Trump stated on social media that it is essential for prediction markets to thrive and that 'road rules' are being developed to set a gold standard for states. He stressed that other countries are competing for this emerging financial market, and the U.S. must stay ahead to protect the global cryptocurrency industry.