President says federal government must retain regulatory authority as concerns grow over ‘addictive’ platforms
Donald Trump wrote in a social media post on Tuesday it was “critically important” that the federal government retain control over the multibillion-dollar prediction market industry, as he cast a critical eye on state attempts to impose new restrictions.
The Commodity Futures Trading Commission (CFTC) should retain “exclusive authority” over prediction markets, Trump said.
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This article was originally published by The Guardian and written by Roque Planas.
Read original article on The Guardian