Trump vows – In a Truth Social post Wednesday, President Trump laid out a case for protecting U.S. crypto and prediction markets while calling Democrats “scum” and dubbing the United States the “crypto capital of the world.” The message lands amid a personal trail: busines
For the third day in a row, the stakes weren’t just policy. They were personal—written out in one long Truth Social post on Wednesday. where President Trump argued for protecting the prediction and crypto markets. called multiple Democrats “scum. ” declared the U.S. the “crypto capital of the world,” and insisted that prediction markets are a “new” kind of financial market.
He didn’t say, in that post, that he and his family are heavily invested in both.
But the trail of business ties is hard to miss.
Trump has previously shown an unsettled view of crypto. As recently as 2021, he called crypto “a scam.” Yet this week’s post leaned the other way, and it came after a story earlier this week described how Trump personally complained about prediction markets.
In the present, his involvement is not abstract. He has literally created multiple crypto businesses. including World Liberty Financial and the $TRUMP meme coin. which have earned him hundreds of millions. And other businesses he owns have put significant money into Bitcoin—an investment that has been a major reason Truth Social’s parent company. Trump Media + Technology Group. has lost more than $1 billion in its short life.
That loss is now sitting beside another plan. Truth Social is attempting to launch its own in-app prediction market in partnership with Crypto.com—an arrangement that critics say creates an obvious conflict of interest for the president.
The family footprint extends beyond Trump’s own companies.
All three of his adult sons are involved in World Liberty Financial. Eric Trump operates a Bitcoin mining company. Donald Trump Jr. serves as an adviser to the two largest prediction market companies, Kalshi and Polymarket.
The push for minimal regulation is also part of the political landscape surrounding the industries. Backers of crypto and prediction markets want as little regulation as possible. and they want that regulation carried out at the federal level. under Trump-appointed watchdogs like those at the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Trump’s post leaned into that institutional map by praising the current CFTC chairman, Mike Selig. Selig is a former attorney who represented several crypto companies before taking a role as chair of the SEC’s crypto taskforce—and then, in December, moved to the CFTC.
That’s exactly the kind of setup that critics say should trigger immediate skepticism and aggressive enforcement.
In state offices, Democrats including Minnesota Gov. Tim Walz and New York Attorney General Letitia James have said they will pursue prediction and crypto companies that break the law.
The contradiction is not subtle: Trump is publicly framing protection for crypto and prediction markets as a national priority. while the businesses tied to him and his family move through the same markets he says should be shielded—just as regulators and state attorneys promise scrutiny and. in some cases. enforcement.
Trump Truth Social crypto Bitcoin prediction markets World Liberty Financial $TRUMP meme coin Crypto.com Kalshi Polymarket CFTC SEC Mike Selig Tim Walz Letitia James
So he “protects” crypto but he’s also like… making money off it right? lol
Truth Social prediction markets sounds kinda wild. Like isn’t that the same platform everyone says is rigged. Democrats scum this scum that… I’m just tired.
Wait I thought prediction markets were like sports betting? How is that different? Also he called crypto a scam in 2021 so which is it, scam or capital of the world? Seems like he changes his mind when the meme coin does good.
He’s saying he protects families but his businesses are literally tied to this stuff. World Liberty Financial, $TRUMP coin, and then Truth Social trying to launch a market with Crypto.com… that’s gotta be conflict of interest, unless they’re paying themselves back? I’m not even reading the whole thing, just the headline and the part about him complaining about prediction markets. Feels like betting on politics.