{"id":1413,"date":"2026-06-17T23:59:40","date_gmt":"2026-06-17T23:59:40","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=1413"},"modified":"2026-06-17T23:59:40","modified_gmt":"2026-06-17T23:59:40","slug":"kentucky-targets-prediction-markets-puts-red-state-in-potential-clash-with-trump-team","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=1413","title":{"rendered":"Kentucky targets prediction markets, puts red state in potential clash with Trump team"},"content":{"rendered":"
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\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

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\u201cThis action runs counter to the CFTC’s established framework for regulating prediction markets,\u201d the spokesperson said in a statement emailed to CoinDesk.<\/p>\n

So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman Mike Selig has taken an aggressive legal stance defending his agency’s authority as the sole regulatory power over events contracts, which he says falls directly into the CFTC’s authority over U.S. derivatives.<\/p>\n

And Trump has recently backed him up.<\/p>\n

“It is critically important that the CFTC\u2019s exclusive authority over Prediction Markets is maintained, and that they will thrive,” Trump posted on his social media site, Truth Social. “Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States.”<\/p>\n

He asserted that his state-level political foes (offering names including Minnesota Governor Tim Walz and Illinois Governor J.B. Pritzker) are “SCUM” who shouldn’t be allowed to set the rules.<\/p>\n

“It is a major Industry, and we must protect it,” Trump wrote. “Mike Selig, CFTC Chairman, and respected by all, is doing a great job.”<\/p>\n

The CFTC has sued eight states \u2014 most recently New Mexico<\/a> \u2014 and leapt into other court matters involving the sector.<\/p>\n<\/div>\n

\ud83d\udca1 Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n

\ud83d\udd17 Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. \u201cThis action runs counter to the CFTC’s established framework for regulating prediction markets,\u201d the spokesperson said in a statement emailed to CoinDesk. So far, the states …<\/p>\n","protected":false},"author":1,"featured_media":1414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[406,407,405],"class_list":["post-1413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-kalshi","tag-polymarket","tag-prediction-markets"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1413"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/1414"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}