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‘Scum’: Trump attacks US states’ efforts to regulate prediction markets

The Guardian World Wednesday 27 May 2026, 01:25 UTC By Roque Planas 1 min read
Key Points

Donald Trump asserted that the federal government must maintain exclusive regulatory authority over the prediction market industry. He criticised state-level efforts to impose new restrictions on these multibillion-dollar platforms. Trump expressed concern over the potential for these markets to become 'addictive'.

President says federal government must retain regulatory authority as concerns grow over ‘addictive’ platforms

Donald Trump wrote in a social media post on Tuesday it was “critically important” that the federal government retain control over the multibillion-dollar prediction market industry, as he cast a critical eye on state attempts to impose new restrictions.

The Commodity Futures Trading Commission (CFTC) should retain “exclusive authority” over prediction markets, Trump said.

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Originally published by The Guardian World Read original →

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