Thursday, May 28, 2026

‘Scum’: Trump attacks US states’ efforts to regulate prediction markets

Trump has said he “was never much in favor” of prediction markets. But he and his family are involved in the industry. His media company released a prediction market product last year, and his son Donald Jr has ties to two top prediction market companies, according to the New York Times. 

Prediction market bets have also raised novel ethical problems, since people with insider knowledge and political influence have the ability to predict or shape the current events that now command billions in weekly trading…

 https://www.theguardian.com/us-news/2026/may/26/trump-prediction-markets-kalshi-polymarket


 

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