Why Is Trump So Pro-Prediction Markets While Everyone Else Is Banning Them?

[bitcoinchaserteam]

Maybe I'm missing something here but this doesn't make sense to me.

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

But Trump is defending them really hard. Like every chance he gets.

The part I don't get - isn't Trump Jr. involved with these platforms? I've seen articles about him placing bets and having connections to prediction market companies.

So is Trump defending something his son profits from? While it's facing legal problems everywhere else?

I'm genuinely asking because this seems like a conflict of interest but maybe I'm not understanding it correctly.

Like if the president supports an industry and his kid makes money from that industry, isn't that... problematic? Or is this normal and I'm just overthinking it?

Can someone explain what I'm missing here? Because it looks sketchy to me but maybe there's context I don't have.

[PrettySk360]

It does look a bit sketchy at first glance, but there’s a bigger picture here.

Donald Trump has generally been pro-markets and anti-heavy regulation, so backing prediction markets fits his broader stance on “free markets” and innovation. At the same time, regulators in places like the EU are treating them more like gambling, which is why bans are happening.

As for Donald Trump Jr. there’s been talk and speculation, but nothing clearly proven that he’s directly profiting in a way that creates an official conflict of interest.

So yeah, it can look questionable, but it’s more of a mix of politics, regulation differences, and optics rather than a clear-cut scandal

[_act_]

Each countries have different laws. Prediction market is not bad but what that is bad is the market manipulation, but some countries might against it as they see it as gambling while some regulators may object it because of their own cultural and moral values. There are trading platforms in the United States while also there are gambling sites in United States. Prediction markets fall within the two. So why should it be banned in the United States? I do not see a good reason to ban prediction markets in United States.

[Hispo]

...

Like if the president supports an industry and his kid makes money from that industry, isn't that... problematic? Or is this normal and I'm just overthinking it?

Can someone explain what I'm missing here? Because it looks sketchy to me but maybe there's context I don't have.

You must be new to American politics if you believe this is problematic when comes to Trump and people surrounding him. This likely one of the smallest problems he has.

Trump launched his own token when he became president of the country, not long ago. He is the first president ever engaging with highly speculative cryptocurrency tokens and also launching his own collection of NFTs. That is very problematic and it is not even the worst of the things he is being accused of.

I won't even mention details of the Epstein files, because they do not have anything to do with Cryptocurrencies.
If his family is profiting off prediction markets, then I am not surprised he is defending them.

[Free Market Capitalist]

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

I don't see any reason to ban prediction markets while keeping the rest of gambling legal.

Donald Trump has generally been pro-markets and anti-heavy regulation, so backing prediction markets fits his broader stance on “free markets” and innovation. At the same time, regulators in places like the EU are treating them more like gambling, which is why bans are happening.

I agree with the first sentence but not with the second—specifically, the part I’ve highlighted in bold—because if they were treated as gambling, they could be legal under a licensing system.

[Taskford]

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

I don't see any reason to ban prediction markets while keeping the rest of gambling legal.

Some government is just over reacting with political matters and think that it can bring something harm to them, but the fact is they can avoid their concerns if they regulate the prediction market well.

That's why I like Trump (except of his recent aggressive action against Iran) for supporting new innovations, because it can add something good to them also with people using this platforms. Especially if they regulated it well and they eliminate those illegal things happened.  Other seems lazy and just don't want to adapt on the changes, that's why their reaction or acceptance is not good towards prediction market.

[bitcoinchaserteam]

Maybe I'm missing something here but this doesn't make sense to me.

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

But Trump is defending them really hard. Like every chance he gets.

The part I don't get - isn't Trump Jr. involved with these platforms? I've seen articles about him placing bets and having connections to prediction market companies.

So is Trump defending something his son profits from? While it's facing legal problems everywhere else?

I'm genuinely asking because this seems like a conflict of interest but maybe I'm not understanding it correctly.

Like if the president supports an industry and his kid makes money from that industry, isn't that... problematic? Or is this normal and I'm just overthinking it?

Can someone explain what I'm missing here? Because it looks sketchy to me but maybe there's context I don't have.

https://bitcoinchaser.com/why-is-trump-keen-on-prediction-markets/?utm_campaign=opm   have a look at this article

[stompix]

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

I don't see any reason to ban prediction markets while keeping the rest of gambling legal.

Just because gambling is legal doesn't mean every gambling site is legal there
- Romania: Betfair is legal, Bet365 is banned
- Netherlands: Bet365 is legal, bc.game and stake are banned
Romania has banned polymarket, it has not banned Betfair exchange for example because they have a license despite doing the same thing.

As I said before, they could simply acknowledge their "market" is just gambling and get a license and that's all!

[Charles-Tim]

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

I don't see any reason to ban prediction markets while keeping the rest of gambling legal.

Just because gambling is legal doesn't mean every gambling site is legal there
- Romania: Betfair is legal, Bet365 is banned
- Netherlands: Bet365 is legal, bc.game and stake are banned
Romania has banned polymarket, it has not banned Betfair exchange for example because they have a license despite doing the same thing.

As I said before, they could simply acknowledge their "market" is just gambling and get a license and that's all!

Is there something that I am not getting correctly because what Free Market Capitalist posted there is just perfect, provided if gambling is legal in United States. Gambling is legal in one way or the other in the United States but this is complicated because each states have their own rules but if we assume that gambling is legal in United States, prediction markets should be legal. But according to what I have read before, I think prediction market would not have been allowed in the United States but the owners of the prediction markets are stating that they are not gambling sites but a prediction site which they see to be more similar to trading. Although, it is very similar to trading but that has not changed the fact that it is still gambling.

[Fivestar4everMVP]

Maybe I'm missing something here but this doesn't make sense to me.

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

But Trump is defending them really hard. Like every chance he gets.

The part I don't get - isn't Trump Jr. involved with these platforms? I've seen articles about him placing bets and having connections to prediction market companies.

So is Trump defending something his son profits from? While it's facing legal problems everywhere else?

I'm genuinely asking because this seems like a conflict of interest but maybe I'm not understanding it correctly.

Like if the president supports an industry and his kid makes money from that industry, isn't that... problematic? Or is this normal and I'm just overthinking it?

Can someone explain what I'm missing here? Because it looks sketchy to me but maybe there's context I don't have.

The first and most important thing for us to find out is why are the countries banning and kicking against prediction markets doing so in the first place? Is their reason genuine or not, this is what I think we should first of all find out before we begin to judge Trumps stand in all of the matter..

Another important thing to note is that if I am not mistaken, the biggest prediction market which is Polymarket is a company based in the US right?, Polymarket did contribute greatly to trump's winning the US presidential election, I follow trump on x and back then during the coming of the election, he was always posting stats from Polymarket on his potential to win the election, we have to understand that though Trump is the president of the United States, he is also a human too and like any other human, he must have fallen in love to the prediction market due to what they contributed to him winning the election, the PR and all, this might be a good reason why he keeps supporting and defending the market and not basically because his son makes money from the market.

[stompix]

~

Is there something that I am not getting correctly because what Free Market Capitalist posted there is just perfect, provided if gambling is legal in United States. Gambling is legal in one way or the other in the United States but this is complicated because each states have their own rules but if we assume that gambling is legal in United States, prediction markets should be legal.

Gambling is legal WITH a license!
Prediction markets don't have a license everywhere, so they are banned from operating where they don't have one!

I seriously don't understand why it's so hard to understand this!
Raising pigs is legal in all of damn Europe, but you're obviously not allowed to have a damn farm in the middle of Paris!
Not allowing you to keep pigs under the Eiffel Tower doesn't mean pork farming is banned in France!

[AmoreJaz]

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

I don't see any reason to ban prediction markets while keeping the rest of gambling legal.

Just because gambling is legal doesn't mean every gambling site is legal there
- Romania: Betfair is legal, Bet365 is banned
- Netherlands: Bet365 is legal, bc.game and stake are banned
Romania has banned polymarket, it has not banned Betfair exchange for example because they have a license despite doing the same thing.

As I said before, they could simply acknowledge their "market" is just gambling and get a license and that's all!

It means that maybe prediction markets are not legally getting their license to operate. Hence, not allowing them to conduct their business because they have no legal papers or should I say, their license to operate. Hence, that's understandable. So if this prediction site will be legalized, they can always make their business operational, just like any other legal business.
So should not be a surprise if they are getting banned because they are not following the business protocols of the country they are under the jurisdiction with.

[o48o]

Maybe I'm missing something here but this doesn't make sense to me.

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

But Trump is defending them really hard. Like every chance he gets.

The part I don't get - isn't Trump Jr. involved with these platforms? I've seen articles about him placing bets and having connections to prediction market companies.

So is Trump defending something his son profits from? While it's facing legal problems everywhere else?

I'm genuinely asking because this seems like a conflict of interest but maybe I'm not understanding it correctly.

Like if the president supports an industry and his kid makes money from that industry, isn't that... problematic? Or is this normal and I'm just overthinking it?

Can someone explain what I'm missing here? Because it looks sketchy to me but maybe there's context I don't have.

Donald Trump Jr. is literally an adviser of Polymarket. And yeah there's conflict of interest all across their political board, and is just peak of the iceberg. But in short: Trump family benefits if prediction markets stays unregulated and separated from gambling laws in general.

They can even technically make millions by betting on policies and actions that trump decides or decides not to take, because trump family is insiders. And top of this people who are supposed to oversee, log and analyze any abuse of power have been kicked out from their jobs.

I don't get how could you even ponder if this is normal or not? This is not normal on so many levels.

[mu_enrico]

Yep, it's just a matter of licensing and/or local regulations.
But Trump Jr.'s involvement is real though since he has invested in Polymarket: https://www.pbs.org/newshour/politics/trump-administration-backs-kalshi-and-polymarket-as-states-move-to-ban-prediction-markets

It smells like a conflict of interest, but it may also be seen as an effort to acquire the necessary licenses to operate in the US.

[Alphakilo]

The rich and most influential people in the world today invest in businesses that others may think is unholy or not proper and cash out big time from it, while critics would sit around and find fault in almost every business endeavor a struggling person invest in.
It's been an open secret about the Trump family involvement in cryptocurrency and crypto related platforms like the predictions market and that's why we even see so much laws and policies rising to make it fit into the system.
Those countries who banned or are banning predictions market don't know how to profit from it or do not understand how it works to make revenue from it, that's why they get scared and try to stop it while others cash out from it big time.

[Zlantann]

Yep, it's just a matter of licensing and/or local regulations.
But Trump Jr.'s involvement is real though since he has invested in Polymarket: https://www.pbs.org/newshour/politics/trump-administration-backs-kalshi-and-polymarket-as-states-move-to-ban-prediction-markets

It smells like a conflict of interest, but it may also be seen as an effort to acquire the necessary licenses to operate in the US.

There is no evidence that Trump or any member of his family is engaged in insider trading in any of these prediction platforms. But the news of connecting Trump Jr. makes it fishy. There has been speculation that some users had prior information about some government policies, which had helped them to win big. The owners of these accounts have not been unmasked yet, so we keep on speculating.

The Trump administration seems to be open and friendly to crypto businesses, so it's not strange that prediction markets are getting the support they need.  

[Mindyspace]

It makes sense that you find it strange, you know?

Donald Trump may support these markets for political reasons, but when there's a possible connection to Donald Trump Jr., then it seems like a conflict of interest.

It doesn't mean it's illegal, but it raises suspicion and generates discussion. And these bans in countries like Portugal happen because each place deals with this in a different way.

In short: it could just be politics, but it could also be something rather strange.

[henry_of_skalitz]

Because he potentially can gather something out of it and be in profit. Simple as that.

[suzanne5223]

Maybe I'm missing something here but this doesn't make sense to me.

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

But Trump is defending them really hard. Like every chance he gets.

Trump is manipulating the market in his own way through the use of many strategy like war, threaaat tweet, tarrif but I dont see him defending the prediction market gambing platform because there are rules and regulations associated with things that involve gambling which every gambling platform must follow and based on what I heard some prediction market operator seems not to abide by the rules which is the reason why alot of countries are banning the platform.
Another reason is that the prediction market platform gambling activities seem not to care about the lives of people and somehow contributed to the ongoing Iran war.

The part I don't get - isn't Trump Jr. involved with these platforms? I've seen articles about him placing bets and having connections to prediction market companies.

So is Trump defending something his son profits from? While it's facing legal problems everywhere else?

I'm genuinely asking because this seems like a conflict of interest but maybe I'm not understanding it correctly.

Like if the president supports an industry and his kid makes money from that industry, isn't that... problematic? Or is this normal and I'm just overthinking it?

Can someone explain what I'm missing here? Because it looks sketchy to me but maybe there's context I don't have.

I think it's more like Trump Jr. utilizing the first information he's getting from President Trump to make money ^{(is just like you getting inside information that an institution will invest $3Billion in BTC which will literally push the market upside and you buy BTC now before tomorrow when the institution accumulation will happen)}, which i believe is something most wealthy people do by providing their kids with the information they can make money from it, just that the Trump family is making money through something that's affecting the masses.
You said President Trump is defending the prediction market. Can you provide the link?

[tread93]

Maybe I'm missing something here but this doesn't make sense to me.

Prediction markets are getting banned in a bunch of countries right now. Netherlands, Ukraine, Romania, Portugal all kicked them out. US regulators are investigating them too.

But Trump is defending them really hard. Like every chance he gets.

The part I don't get - isn't Trump Jr. involved with these platforms? I've seen articles about him placing bets and having connections to prediction market companies.

So is Trump defending something his son profits from? While it's facing legal problems everywhere else?

I'm genuinely asking because this seems like a conflict of interest but maybe I'm not understanding it correctly.

Like if the president supports an industry and his kid makes money from that industry, isn't that... problematic? Or is this normal and I'm just overthinking it?

Can someone explain what I'm missing here? Because it looks sketchy to me but maybe there's context I don't have.

Perhaps its a chapter in his playbook. I mean if he calls all the shots then he could use it to his advantage and have it place bets. Could you imagine if he created a bunch of government accounts and since he sets the rules on what happens on live broadcasts he could be that the script woudl say this or say that and since he will definitely decide what is said then he could use that adbantage to guarantee 100% winning percentage. That would actully be pretty clever money grab.