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

Donald Trump called state efforts to regulate prediction markets "scum" on Tuesday, insisting the federal government retain exclusive control over the multibillion-dollar industry. The CFTC should oversee prediction markets as derivatives, Trump said, citing competition from other countries. Minnesota became the first state to ban prediction markets last week, with the CFTC immediately filing a lawsuit to overturn.

Summary by Glance · The Guardian Australia