White House starts review of CFTC’s prediction markets rulemaking as Trump backs agency authority
60-second summary
The White House is currently reviewing proposed prediction market rules from the Commodity Futures Trading Commission (CFTC), while President Trump publicly backs the agency's authority to regulate these markets. The review process is ongoing, with no specific timeline announced, and the CFTC's rulemaking aims to establish guidelines for these emerging markets.
The White House is reviewing proposed prediction market rules as President Trump throws his support behind the CFTC.