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Trump's attitude toward prediction markets softens, stating that the United States cannot be "left out."
Golden Finance reports that on April 28, according to Cointelegraph, U.S. President Trump, who had recently stated that he “dislikes” prediction markets, softened his stance on April 28. Trump told reporters in Florida, “Many other countries are doing prediction markets, and if the U.S. doesn’t participate, we will be left out.” He acknowledged that some “very smart people” like this product.
Earlier, on April 24, Trump responded that he was “not satisfied” with prediction markets, believing that “the whole world has become a bit like a casino.” Currently, prediction markets like Polymarket and Kalshi are experiencing a surge in usage, with the two trading platforms reaching a record total trading volume of $23.6 billion in March. Trump’s son, Donald Trump Jr., has invested in Polymarket and serves as its advisor, as well as an advisor to Kalshi. Additionally, Trump Media & Technology Group previously announced a partnership with Crypto.com to launch prediction market products on Truth Social.