Trump embraced the gambling industry for decades. Now he's hedging his bet on prediction markets.
Summary
President Donald Trump expressed skepticism about the rise of gambling and prediction markets, yet his administration has moved to support these markets. The article highlights Trump's comparison of a soldier's betting charges to Pete Rose's scandal and notes his son Donald Trump Jr.'s investments in prediction platforms like Polymarket. It also covers the administration's efforts to limit state regulation of these markets and the CFTC's oversight actions.
(Source:NBC News)