Trump boosts prediction markets as his family profits
President Trump has publicly supported prediction markets, which could financially benefit his family. He criticized state leaders attempting to regulate these markets, claiming they are corrupt. Critics argue that his actions are motivated by personal profit and undermine consumer protections.
- ▪Trump's family stands to profit from the prediction market industry.
- ▪He has called for the Commodity Futures Trading Commission to have exclusive authority over prediction market regulations.
- ▪Critics, including Senator Chris Murphy, accuse Trump of corruption for opposing state regulations.
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| Original publisher | Asia Times |
| Canonical URL | https://asiatimes.com/2026/05/trump-boosts-prediction-markets-as-his-family-profits/ |
| Publication time | Wed, 27 May 2026 19:04:33 +0000 |
| Retrieval time | 2026-05-27T19:13:02.954Z |
| Last seen | 2026-05-27T19:13:02.954Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | 8m3N0dZQFsB6 · 2 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
US President Donald Trump on Tuesday used his social media platform to boost prediction markets – a burgeoning industry from which Trump’s family stands to profit – and lashed out at state leaders working to regulate them, singling out officials in Illinois, New York and elsewhere as “scum.” Trump, whose administration is considered by some to be the most brazenly corrupt in US history, argued that the Commodity Futures Trading Commission (CFTC) must have “exclusive authority” over prediction market regulations, declaring that “it is a major industry, and we must protect it.” The president’s message echoed that of his CFTC chief, Mike Selig, who said earlier this year that the agency would fight any state-level efforts to restrict prediction markets. Sen.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Asia Times.
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