Trump Backs CFTC Authority Over Prediction Markets
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President Donald Trump has voiced strong support for the Commodity Futures Trading Commission (CFTC) retaining sole authority over prediction markets, criticizing state-level regulatory overreach. This stance could streamline federal oversight, potentially reducing legal uncertainty for crypto-based prediction platforms. The market may interpret this as a bullish signal for compliance-focused projects, though regulatory consolidation may also limit state-level innovation. Overall, the move underscores a push for federal clarity in digital asset regulation.
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