The CFTC has submitted a proposal to create rules for event contracts in a push to regulate prediction markets at the federal level.

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

The CFTC has submitted a proposal to create rules for event contracts in a push to regulate prediction markets at the federal level.

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

The CFTC has argued it has exclusive authority to regulate the growing prediction market sector rather than state-by-state regulation.

The proposal could shape how Kalshi, Polymarket, and other event-contract platforms operate as states challenge the CFTC’s authority.