‘Scum’: Trump attacks US states’ efforts to regulate prediction markets

President says federal government must retain regulatory authority as concerns grow over ‘addictive’ platforms

Donald Trump wrote in a social media post on Tuesday it was “critically important” that the federal government retain control over the multibillion-dollar prediction market industry, as he cast a critical eye on state attempts to impose new restrictions.

The Commodity Futures Trading Commission (CFTC) should retain “exclusive authority” over prediction markets, Trump said.