A key government agency is dismantling efforts to regulate online betting markets and crypto as President Donald Trump and his family deepen their ties to the booming industries.
The Trump family’s growing footprint in crypto and prediction markets has translated into billions in new wealth, fueled by digital coin offerings and deals with prediction market firms.
Trump’s eldest son, Don Jr., is both an investor in Polymarket, through his investment firm 1789 Capital, and an adviser to Kalshi and Polymarket. The president’s publicly traded media company partnered with Crypto.com last October on what the firms called an exclusive prediction market venture.
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