Story perspectives

Prediction Markets Surge to $24 B, Trump Fights State Bans

6/3/2026

Summary

Story summary

Prediction-market trading rose from about $5 billion in September 2025 to $24 billion by April 2026, sparking a federal-state clash over regulation.
U.S. President Donald Trump posted on Truth Social that the Commodity Futures Trading Commission must retain exclusive authority over prediction markets.
Illinois Governor J.B. Pritzker banned state employees from betting on prediction platforms with confidential information.
Minnesota Governor Tim Walz signed the nation’s first statewide prohibition of prediction markets.

1 of 1

Story summary

Prediction-market trading rose from about $5 billion in September 2025 to $24 billion by April 2026, sparking a federal-state clash over regulation.
U.S. President Donald Trump posted on Truth Social that the Commodity Futures Trading Commission must retain exclusive authority over prediction markets.
Illinois Governor J.B. Pritzker banned state employees from betting on prediction platforms with confidential information.
Minnesota Governor Tim Walz signed the nation’s first statewide prohibition of prediction markets.