Trump's pro-CFTC stance won't sway prediction market dispute, says TD Cowen

U.S. President Donald Trump's recent comments supporting the Commodity Futures Trading Commission's (CFTC) role in prediction markets are unlikely to significantly impact the ongoing legal dispute, according to an analysis by TD Cowen. The Block reported that while Trump has argued the CFTC should have exclusive authority over these markets, TD Cowen predicts the jurisdictional battle over prediction markets and sports betting will likely reach the Supreme Court. The report also noted that state governments, which currently regulate sports gambling, hold the advantage for now, and the related lawsuits could take more than two years to be fully resolved.