Trump Says He's 'Not A Fan' Of Prediction Markets, But Soldier Betting On His Own Raid Gets A Pass

Benzinga_recent_news

04/24

President Donald Trump on Thursday said he is “not happy” with prediction markets, after federal prosecutors charged an Army special forces soldier with turning $33,000 into more than $409,000 on ...

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$409,000 on ...</p>\n\n<a href=\"https://www.benzinga.com/markets/prediction-markets/26/04/52033755/trump-says-hes-not-a-fan-of-prediction-markets-but-soldier-betting-on-his-own-raid-gets-a-pass\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.benzinga.com/markets/prediction-markets/26/04/52033755/trump-says-hes-not-a-fan-of-prediction-markets-but-soldier-betting-on-his-own-raid-gets-a-pass\">Benzinga_recent_news</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2023250504.SGD","symbol_name":"Allianz Thematica Cl AMg DIS 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than $409,000 on Polymarket by betting on the raid that captured Venezuelan leader Nicolás Maduro.\nMaster Sgt. Gannon Van Dyke allegedly placed the wagers using classified information about the operation in the days before it became public.\nAsked about the case in the Oval Office, Trump reached for a sympathetic comparison. 「That’s like Pete Rose betting on his own team,」 he said. 「Now, if he bet against his team, that would be no good, but he bet on his own team.」\nRose, the all-time MLB hits leader, was banned from baseball in 1989 for betting on games involving his own team.\nPressed on separate insider trading concerns around Iran war contracts, Trump’s tone shifted. 「You know the whole world, unfortunately, has become somewhat of a casino,」 he said. 「I was never much in favor of it. I don’t like it conceptually, but it is what it is. I’m not happy with any of that stuff.」\nThe comments are harder to square with what the rest of Trump’s orbit has been doing.\nCFTC Chairman Mike Selig, a Trump nominee now running the agency as its lone commissioner, has built his tenure around defending the sector. \nHe called event contracts 「exciting products」 in his first public remarks, scrapped a Biden-era rule that would have restricted them, and has since sued Arizona, Connecticut and Illinois to assert exclusive federal jurisdiction over the category.\nDonald Trump Jr. holds a stake in Polymarket through his 1789 Capital fund and is a paid strategic adviser to Kalshi, the two largest platforms in the industry.\n A spokesperson has said he has 「zero involvement in administration policy regulating prediction markets.」\nTrump Media & Technology Group (NASDAQ:DJT), which the president controls through a revocable trust, announced plans last October to launch its own crypto-based prediction market on Truth Social.\nKalshi last month raised $1 billion at a $22 billion valuation. Polymarket is reportedly raising at around $15 billion, with Intercontinental Exchange (NYSE:ICE) committing up to $2 billion. \nNeither is likely to flinch at an 「I’ll look into it」 from a president whose own people are the industry’s biggest institutional backers.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}