President Donald Trump is publicly backing his CFTC Chair Michael Selig in his push to have authority over prediction markets.

U.S. President Donald Trump said it was "critically important" that the CFTC keep "exclusive authority" over prediction markets, echoing CFTC Chair Michael Selig.

President Donald Trump is publicly backing his CFTC Chair Michael Selig in his push to have authority over prediction markets.

“It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive,” the president posted on Truth Social.

The president insisted that the federal government alone has the authority to regulate event-contract platforms. But a growing number of states disagree.

The president’s comments come as the CFTC is engaged in multiple legal fights with states seeking to restrict prediction market platforms.

Trump backs CFTC federal control over prediction markets, attacks state officials, and vows to keep the U.S. the world's top crypto hub.

US President Donald Trump has backed the CFTC having “exclusive authority” over prediction markets amid mounting state action against the platforms.

President Donald Trump backed the Commodity Futures Trading Commission’s exclusive authority over prediction markets on Tuesday, while also declaring the U.S.

Federal oversight gains the president’s backing as states push to bring prediction markets under their own gambling laws.

“We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules!”

The future of prediction markets will likely be decided by the Supreme Court, while states still appear to hold the advantage, TD Cowen said.

The White House is reviewing proposed prediction market rules as President Trump throws his support behind the CFTC.