[Trump: 'Maintaining CFTC's Exclusive Jurisdiction Over Prediction Markets is Critical'] According to The Block, U.S. President Trump posted on social media, openly supporting efforts by Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, whom he appointed, to expand jurisdiction over prediction markets, calling the issue 'critical.' Trump stated that maintaining the CFTC's exclusive jurisdiction over prediction markets is essential and that prediction markets should thrive. Over the past year, Selig has been advocating for the CFTC to have 'exclusive jurisdiction' over prediction markets and has filed lawsuits in five states, including Wisconsin, Illinois, Arizona, Connecticut, and New York. Trump also used the opportunity to emphasize his support for the crypto industry, stating that the U.S. is the 'capital of Bitcoin and other crypto assets.'