# TrumpBacksCFTCAuthorityOverPredictionMarkets

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On May 26, Trump posted on Truth Social, explicitly supporting CFTC's exclusive authority over prediction markets, calling it "critically important." He also called out state officials in Minnesota, Illinois and other states, saying they cannot be allowed to "make the rules." Trump emphasized that other countries are pursuing this new form of financial market and the US must stay ahead. The CFTC has filed lawsuits against several states seeking to ban prediction markets, with the dispute likely heading to the Supreme Court.

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