Trump's CFTC Shields His Family's Prediction Market Partners From Prosecution [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
The motion escalates an already historic conflict. The agency sued Arizona, Connecticut, and Illinois last week, marking the first time in its 50-year history that it has sued a state. Federal Power Play With Family Ties CFTC Chairman Michael S. Selig framed the injunction request as a defense of federal authority, noting that the CFTC will vigorously defend its exclusive authority over prediction markets. "The agency won't stand for intimidation by states seeking to nullify federal law," wrote Selig in a post. It follows a motion in Arizona that builds on a recent filing against States that use criminal and gambling laws to interfere with CFTC-regulated prediction markets. Arizona's decision to weaponize preempted state criminal law against companies that comply with a comprehensive federal regime sets a dangerous precedent... The CFTC is committed to vigorously defending its exclusive authority over prediction markets," read an excerpt in the press release, citing Selig.
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DJT
Sec Filings
- 3/6/26 - Form 8-K
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- DJT's page on the SEC website