Prediction Markets Grow Under Trump Administration — Market Talk
Prediction markets are growing under the Trump Administration. Gemini Space Station, which said Wednesday it obtained a license to operate prediction markets, thanked the White House for being more open to innovation in crypto and prediction markets. Since President Trump took office, prediction markets have become more mainstream, with sports-betting companies including DraftKings and FanDuel jumping into the industry. The Commodity Futures Trading Commission, which regulates prediction markets, has undergone leadership changes under the new administration. Acting CFTC Chair Caroline Pham has critiqued prior CFTC leadership for being "anti-innovation" and she has loosened some regulations, like allowing crypto as collateral for derivative markets. ([email protected])