Trump backs CFTC Chair Selig's push to expand prediction…

President Trump has publicly endorsed CFTC Chair Selig's effort to broaden the agency's authority over prediction markets, calling the initiative "critically important." The backing signals a top-down political push to legitimize and scale event-contract trading under federal oversight — a significant shift from the cautious posture regulators held toward prediction markets during the previous administration.

Expanding CFTC jurisdiction over prediction markets would open the door to a wider range of event contracts, from political outcomes to economic indicators, potentially bringing platforms like Polymarket and Kalshi into a more clearly defined regulatory framework. For DeFi-native prediction protocols, a clearer federal mandate cuts both ways: it validates the asset class while raising compliance expectations.