• Policy AI Column It’s MAGA v Broligarch in the battle over prediction markets Prediction: This is going to be a mess for the Trump right. • Link Share Gift If you buy something from a Verge link, Vox Media may earn a commission.See our ethics statement. • Policy AI Column It’s MAGA v Broligarch in the battle over prediction markets Prediction: This is going to be a mess for the Trump right. • Link Share Gift If you buy something from a Verge link, Vox Media may earn a commission.See our ethics statement. • Hello and welcome toRegulator,a newsletter forVergesubscribers about the love-hate (but mostly hate) relationship between Silicon Valley and Washington. • I hope everyone got to celebrate George Washington’s birthday in their preferred manner: skiing, staycationing,subscribing toThe Vergeif you haven’t already, etc.
Article Summaries:
- The Commodity Futures Trading Commission (CFTC) has taken a hard line against state attempts to regulate prediction‑market platforms such as Kalshi, Polymarket, Coinbase, and Crypto.com. On Tuesday, the CFTC filed an amicus brief with the Ninth Circuit Court of Appeals opposing a wave of lawsuits from states, and its chairman, Michael Selig, issued a public threat on X that the federal agency would sue any state that challenged its authority. The move has sparked political backlash, notably from Utah Governor Spencer Cox, who criticized the markets as gambling and vowed to pursue litigation against the federal government. The dispute highlights a clash between federal regulatory power and state‑level attempts to curb emerging tech markets.
Sources: