politics
February 19, 2026
It’s MAGA v Broligarch in the battle over prediction markets
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TL;DR
- The Trump administration, through the CFTC, is opposing state efforts to regulate prediction markets, favoring Big Tech interests.
- Utah Governor Spencer Cox has publicly criticized the CFTC's stance, calling prediction markets gambling and vowing to fight federal overreach.
- AI company Anthropic is reportedly facing punitive measures from the Pentagon for its reluctance to allow unrestricted use of its AI model.
- Steve Bannon is facing criticism from within the MAGA movement due to newly revealed texts suggesting support for Trump's 25th Amendment removal and involvement in a cryptocurrency lawsuit.
- The White House is mediating discussions between the crypto and banking industries regarding yield-bearing stablecoin accounts.
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