President Trump says it is "critically important" that the CFTC has exclusive authority to oversee prediction markets, as some states attempt to regulate them

President Trump declared it "critically important" that the Commodity Futures Trading Commission maintains exclusive federal authority over prediction markets. The move comes as multiple U.S. states push to impose their own regulations on the rapidly growing sector.

Trump wants the CFTC — not a patchwork of state regulators — calling the shots. The stance effectively draws a line in the sand against state-level intervention.

Prediction markets have exploded in popularity, with platforms letting users bet on everything from elections to economic outcomes. The regulatory turf war boils down to a familiar tension: federal uniformity versus state autonomy.

For the prediction market industry, a single federal regulator would mean one rulebook instead of potentially dozens. For states, it means losing control over platforms operating within their borders.