Prediction Markets Barred From Trump Crypto Meeting
Prediction Markets Barred From Trump Crypto Meeting
The News
The White House chose not to invite prediction market companies to a Wednesday meeting of crypto and technology executives, according to reporting from The Hill, the Washington Examiner, Semafor and The Independent.
Organizers said they wanted the event focused solely on crypto.
The exclusion comes weeks after a teleprompter operator was suspended over alleged bets placed on Kalshi tied to President Donald Trump's speeches.
The meeting doubles as the launch event for the Commodity Futures Trading Commission's Innovation Advisory Committee, the panel that will help write the rules for digital asset markets.
Who Is In The Room
CFTC Chairman Mike Selig, Securities and Exchange Commission Chairman Paul Atkins and White House crypto adviser Patrick Witt are expected to attend.
The guest list includes Coinbase, Kraken, Ripple, Andreessen Horowitz and Nasdaq.
CME Group, which is suing the CFTC, is not among the invited members of the Innovation Advisory Committee.
Timeline
a teleprompter operator is suspended over alleged Kalshi bets on Trump's speeches.
Recently: the SEC proposes rules that would exempt some token offerings from securities regulation, while comprehensive crypto legislation stays stalled in Congress.
Trump hosts crypto executives at the White House, with prediction market firms left off the list.
the CFTC holds the Innovation Advisory Committee's first formal meeting.
Reactions
The Washington Examiner reported that while crypto executives are expected to attend, prediction market companies will not be part of the event.
The Independent framed the meeting around the outcry over the Trump family's crypto business, reporting that Trump has earned more than $1.4 billion from crypto ventures.
Semafor reported separately that a White House mix-up delayed an SEC crypto rule.
Coverage of the snub splits over whether it is straightforward crisis management or a sign that political optics now decide who gets access to crypto policymaking.
What's Next
The Innovation Advisory Committee's first formal meeting is set for Thursday, where the panel is expected to chart its course on financial innovation.
Prediction market firms still face mounting legal pressure from multiple states, including a New York lawsuit alleging Kalshi runs an illegal gambling business.
Those cases head toward court fights that will test the CFTC's claimed federal jurisdiction against state gambling bans.
Whether prediction market companies are brought back into White House or CFTC meetings once the teleprompter controversy fades is still an open question.
More
The CFTC's new advisory committee is the venue where digital asset rules are expected to be shaped, which makes the invitation list itself a measure of standing in Washington.
Prediction markets are being kept outside that room at the same moment they are fighting state-level lawsuits, while crypto exchanges and Nasdaq sit inside it.
Colleges Condemn Students Mocking Kirk Assassination Anniversary
Charleston White Arrested Again on Florida Battery Charge
Sep 13, 2026
Border Patrol Rescues MS NOW Crew in Desert
Sep 13, 2026
Supreme Court Restores Missouri's Old House Map
Sep 13, 2026
Alaska Drops Felony Voter Charges Against Samoans
Sep 13, 2026
Trespasser Breaches Harris' Malibu Estate; No Arrest
Sep 12, 2026
Hegseth Pressed Downed Airmen Into 60 Minutes
Sep 12, 2026
Houthis Seize Mokha, Choking Saudi Oil Exports
Sep 12, 2026
Altman Rules Out OpenAI IPO This Year
Sep 12, 2026
Jury Acquits Lil Durk in Murder-for-Hire Case
Sep 12, 2026
Judge: Trump Broke Law Halving FEMA Staff
Sep 12, 2026
Maher Calls Democrats' Gaza Genocide Claim a Lie
Sep 12, 2026
Blizzard Revives StarCraft, Sends Diablo to Netflix
Sep 12, 2026
Trump's Queens Childhood Home Sells for $1.93M
Sep 12, 2026
Scientists Find New Virus in Tick Invading US
Sep 12, 2026
Britain Bans Settlement Imports; US States Threaten Payback
Sep 12, 2026
Prison Fire Kills 7 as Kurds Protest Killing
Sep 12, 2026
Kosovo Rallies for Ex-President Before Hague Verdict
Sep 12, 2026
Cruz Booed at GameDay Over College Sports Bill
Sep 12, 2026
Blast Hits Bulgarian Arms Plant Supplying Ukraine
Sep 12, 2026
Sep 13, 2026