President Donald Trump is defending the cryptocurrency and prediction market industries. He is opposing state-led efforts to restrict these sectors. Federal authorities and state governments are in a dispute over regulatory control. Trump's family has financial ties to these industries. The outcome will shape the future of prediction markets across the US.

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

“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.