Donald Trump Jr. Advises States Against Regulating Prediction Markets, NY Times Reports In March, Donald Trump Jr. reportedly urged Republican state attorneys general not to pursue legal action against prediction markets, according to a report by The New York Times. The remarks, made during a speech at an event in New Orleans, were cited by four individuals familiar with the conversation. Trump Jr. argued that states were being misled by gambling companies seeking to protect their monopolies, the Times reported. He suggested that federal authorities, rather than state governments, should oversee event contract exchanges, the sources said. The comments gained attention as Trump serves as an advisor to two major prediction market platforms, Kalshi and Polymarket. The report comes amid ongoing legal battles between states and the federal government over regulatory authority for sports-related event contracts. The Commodity Futures Trading Commission (CFTC) has sued nine states, eight of which are led by Democratic attorneys general, to block their attempts to regulate prediction markets. Meanwhile, 44 states have filed lawsuits against prediction market platforms, with many arguing that the CFTC lacks jurisdiction over sports-related contracts. Kalshi, one of the platforms, responded to the Times’ reporting by emphasizing its operations as a federally licensed exchange. The company criticized states for attempting to shut down its platform, comparing the situation to efforts to regulate the stock market. Kalshi also highlighted its influence on state legislation, noting that Jim Harrell, a lobbyist for the company, helped shape a provision in North Carolina’s state budget. This provision imposed a 6% tax on prediction markets, significantly lower than the 23% tax on sportsbooks.#new_york_times #kalshi #polymarket #commodity_futures_trading_commission #donald_trump_jr
Donald Trump Jr. and Bettina Anderson Wed in the Bahamas Donald Trump Jr. and Bettina Anderson exchanged vows in a private wedding ceremony on a small island in the Bahamas this weekend, according to a spokesperson for the couple. The event, described as intimate, took place on Saturday, with guests gathering on a secluded location in the Caribbean. The couple had already legally married in Palm Beach earlier in the week, as confirmed by their representative. President Donald Trump did not attend the ceremony, stating on his Truth Social platform that he would remain in Washington, D.C., at the White House during what he called an “important period of time.” He issued a congratulatory message to his son and the bride, acknowledging their union without participating in the festivities. A White House spokesperson did not immediately respond to inquiries about the event. A representative for the couple, Schott, mentioned that the Bahamas wedding would serve as a prelude to a larger celebration at the White House. She noted that the couple planned to host a more public event in the fall or “whenever it’s appropriate,” depending on developments in Washington and the broader world. Schott emphasized that the timing of the White House celebration would be contingent on circumstances allowing the president’s attendance. Schott also addressed concerns about the couple’s privacy, stating that details about the event were disclosed earlier than intended. She expressed disappointment that friends had leaked information, including the location of the ceremony, which the couple had sought to keep confidential. The bride, Bettina Anderson, reportedly felt her privacy was compromised by the premature release of details. Anderson’s decision to take the Trump name was clarified in a text message sent to Schott on Saturday.#white_house #donald_trump_jr #bettina_anderson #maralago #schott
