On May 27, former U.S. President Donald Trump took to his Truth Social profile to express his support for prediction markets.
In his statement, he emphasized the importance of maintaining the CFTC's exclusive authority over these markets, stating, "It is crucial for the CFTC to retain exclusive powers over prediction markets and for these markets to thrive. Under my leadership, we are setting the rules that will become the gold standard for the states."
Trump voiced his concerns about certain political figures, saying, "We cannot allow such riffraff as Chris Christie, Letitia James, Tim Walz, and J.B. Pritzker to set the rules!" He highlighted the competitive nature of the global financial landscape, noting, "Other countries are eager to capture this new form of financial market, and we want to stay on top."
Furthermore, he pointed out the U.S.'s position as the world capital of cryptocurrency, stating, "We are currently the world capital of cryptocurrencies (Bitcoin, etc.), and other countries are working hard to take our place, but we will not let that happen. This is a major industry, and we must protect it."
He concluded by praising Mike Selig, the respected chairman of the CFTC, for his excellent work, saying, "Thank you, Mike!"