Story perspectives

Trump likens case, launches crypto market amid raid bet

4/25/2026

Center

Trump Launches Crypto Market

President Donald Trump likened the insider-trading case to Pete Rose betting on his own team, calling the world a casino.
Prosecutors charged Sergeant Gannon Van Dyke with $33,000 becoming $409,000 on Polymarket by betting on raid capturing leader Nicolás Maduro.
CFTC Chairman Mike Selig, a Trump nominee, called contract markets exciting and defended federal jurisdiction.
Trump Media & Technology Group announced a crypto-based prediction market to operate on Truth Social.

Left

Trump Launches Crypto

Senator Chris Van Hollen warned that the proposed U.S.–UAE currency swap could cost taxpayers more than one billion dollars each day.
U.S. President Donald Trump’s Trump Media & Technology Group announced plans to launch a crypto-based prediction market on Truth Social.
Treasury Secretary Scott Bessent told senators the swap line would stabilize markets and aid nations.
Ethics experts noted contrast between President Trump’s criticism of markets and Donald Trump Jr.’s Polymarket ties.

History

Historical Context

After the CFTC classified Bitcoin as a commodity in 2015 and approved its first futures contracts in 2017, the CME launched Bitcoin futures in December 2017, drawing $1.5 billion in open interest within six months. Now Trump Media & Technology Group seeks a crypto-based prediction market on Truth Social, echoing that 2017 regulatory milestone.

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Trump Launches Crypto Market

President Donald Trump likened the insider-trading case to Pete Rose betting on his own team, calling the world a casino.
Prosecutors charged Sergeant Gannon Van Dyke with $33,000 becoming $409,000 on Polymarket by betting on raid capturing leader Nicolás Maduro.
CFTC Chairman Mike Selig, a Trump nominee, called contract markets exciting and defended federal jurisdiction.
Trump Media & Technology Group announced a crypto-based prediction market to operate on Truth Social.

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