Overview
- Asked about the boom in online betting on real‑world events, Trump said he dislikes prediction markets and likened a high‑profile case to Pete Rose placing bets on his own team.
- The Justice Department this week charged a U.S. special forces soldier who allegedly used knowledge of a planned move against Venezuela’s Nicolás Maduro to win nearly $400,000 on Polymarket.
- The CFTC says it alone regulates these markets and, alongside the DOJ, has sued Connecticut, Arizona, and Illinois over their efforts to treat some contracts as illegal gambling.
- Trump Media previously announced it would add prediction markets to Truth Social through an exclusive deal with Crypto.com, while Donald Trump Jr. holds stakes in Polymarket and advises Kalshi.
- Polymarket’s CEO said the site flagged the suspicious trades, referred them to authorities, and cooperated in the case, noting that on‑chain records make every trade public and auditable.