RismadarVoice Reporters, May 27, 2026
President Donald Trump has reaffirmed his support for the cryptocurrency sector and prediction markets, insisting that the federal government through the Commodity Futures Trading Commission (CFTC) must retain exclusive authority over their regulation.
In a post on Truth Social, Trump said it was “critically important” that prediction markets operate under a unified federal framework, warning against increasing state-level efforts to regulate or restrict the platforms.
“Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” he wrote, adding that the United States must maintain its position as the global leader in crypto innovation.
Trump also stressed that “other countries are trying diligently” to overtake the U.S. in digital finance, pledging that his administration would not allow that to happen.
The president’s comments come amid a growing legal and political battle over whether prediction market platforms that allow users to bet on the outcomes of real-world events should be regulated federally as financial instruments or treated as gambling under state law.
While Trump and his allies argue that such markets fall under federal commodities regulation, several state governments have pushed back, saying the platforms operate more like unlicensed betting services that should be controlled at the state level.
The dispute has already triggered legal action, including challenges involving state officials and regulatory bodies seeking to limit or ban prediction market operations within their jurisdictions.
Critics of the industry have raised concerns over oversight and enforcement, while supporters argue that fragmented state rules could stifle innovation in a rapidly growing financial sector.
Trump also reiterated his administration’s broader support for the crypto industry, noting that maintaining U.S. dominance in digital assets such as Bitcoin is a key economic priority.
