White House Reviews CFTC Proposal for Prediction Markets Regulation
The White House is reviewing a proposal from the Commodity Futures Trading Commission (CFTC) to regulate prediction markets, such as Kalshi and Polymarket. This proposal, which is under review by the Office of Management and Budget, aims to establish federal oversight over prediction markets, which have been a point of contention between federal and state authorities. President Trump has expressed support for maintaining the CFTC's exclusive authority over these markets, criticizing state officials who oppose this federal oversight. The proposal comes amid legal challenges and regulatory scrutiny of prediction markets, particularly concerning their legality in sports betting. 
