Trump Defends Prediction Markets and Bitcoin in Truth Social Post Praising CFTC’s Selig

May 27, 2026

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Trump backs CFTC Chairman Michael Selig’s federal authority over prediction markets, rejecting state-level bans in 2026.NY AG Letitia James, Gov. Tim Walz, and Gov. JB Pritzker each moved to restrict prediction market platforms this year.Trump links U.S. prediction market dominance to crypto leadership, warning foreign rivals are targeting both sectors.

Trump Backs CFTC Chairman Selig on Prediction Markets, Warns States to Stand Down

Christie, who has worked in an advisory capacity with gaming associations, has defended state authority to regulate these products as gambling-like offerings.

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