U.S. President Donald Trump stated on social media on the 26th (local time) that "it is very important to maintain the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC) over prediction markets" and "prediction markets must be allowed to flourish." President Trump emphasized, "We are establishing rules that will become the standard for each state," mentioning some politicians like Chris Christie, Letitia James, Tim Walz, and JB Pritzker, and adding, "These people should not be allowed to set the rules." He also said, "Other countries are competing for this new financial market, and we must maintain our lead." Furthermore, he added, "The United States is currently the capital of global cryptocurrencies (such as Bitcoin), and while other countries are trying to replace it, we will not allow it." He concluded, "This is an important industry and must be protected."
