President Donald Trump stated that America cannot ignore prediction markets. His position softened just days after he sharply criticized these platforms.
President Donald Trump has stated that America cannot ignore prediction markets. He noted that many other countries are actively developing the prediction market sector.
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His position softened just days after he sharply criticized these platforms. Earlier, Trump called the growing popularity of prediction markets “turning the world into a casino” and said he “conceptually doesn’t like it.”
However, on Saturday, he spoke about “very smart people” who like this industry and emphasized that the US risks falling behind if it does not participate in its development.
Context and Family Interests
The president’s shift in rhetoric comes amid active family involvement in the sector. Donald Trump Jr. has invested in Polymarket and joined the company’s advisory board. He is also an advisor to the competing platform Kalshi.
Additionally, Trump Media, the company that operates Truth Social, announced plans in October 2025 to launch its own prediction platform in partnership with Crypto.com.
Read more: Prediction Markets Platform Kalshi Completes First Block Trade with Jump Trading
Market Dynamics
Prediction markets are experiencing explosive growth. According to Token Terminal, combined trading volume on Polymarket and Kalshi reached a record $23.6B in March 2026.
Analysts expect further sector expansion driven by regulatory clarity and integration with traditional finance.
Read more: Wisconsin Sues Kalshi, Polymarket, and Coinbase—Another State Declares War on Prediction Markets
