Trump Emphasizes CFTC Authority Over Prediction Markets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 26 2026
0mins
In a post on Truth Social, President Trump stated: "It is critically important that the CFTC's exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting "rules of the road" that are the Gold Standard for the States. We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules! Other Countries are after this new form of Financial Market, and we want to remain at the top. Likewise, and even more importantly, where we are currently the Crypto (Bitcoin, etc.) Capital of the World, other Countries are trying diligently to replace us in that capacity, but we won't let that happen. It is a major Industry, and we must protect it. Mike Selig, CFTC Chairman, and respected by all, is doing a great job."
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Analyst Views on HOOD
Wall Street analysts forecast HOOD stock price to rise
20 Analyst Rating
16 Buy
4 Hold
0 Sell
Strong Buy
Current: 105.200
Low
130.00
Averages
156.24
High
181.00
Current: 105.200
Low
130.00
Averages
156.24
High
181.00
About HOOD
Robinhood Markets, Inc. is focused on providing financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to investors. Its offerings include Brokerage, Robinhood Crypto, Custody, Robinhood Wallet, Robinhood Gold, and Robinhood Gold Card. Brokerage services include investing, options trading, fractional trading, recurring investment, access to investing on margin, fully paid securities lending, cash sweep, instant withdrawals, Robinhood retirement, 24-hour market, joint investing accounts, and event contracts. It also offers a variety of ways for its customers to grow their financial knowledge, including Robinhood Learn, In-App Education, Newsfeeds, Sherwood Snacks, and Crypto Learn and Earn. It also operates regulated crypto platforms including Bitbuy and Coinsquare. Its self-clearing system, order routing system, data platform, and other back-end infrastructure allow its customers to focus on investing, saving and spending.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surge in Trading Volume: Kalshi achieved an astounding $1 billion in trading volume in its first week, indicating strong market demand for perpetual futures, which could lead Hyperliquid's customers to shift to more regulated exchanges.
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See More
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- Revenue Diversification: While transaction-based revenue rose 7% year-over-year, 'other' revenue soared by 320% due to prediction markets, indicating Robinhood's pursuit of growth in emerging markets, yet cryptocurrency-related revenue fell by 47%, reflecting shifting market preferences.
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