Arabic version: ترامب الابن حثّ المدعين العامين الجمهوريين على عدم استهداف الأسواق

According to Cnbc, Donald Trump Jr. told Republican state attorneys general in March not to pursue prediction markets, The New York Times reported, citing four people familiar with his comments. Speaking at an event in New Orleans, he said states were being misled by gambling companies concerned about losing their “monopolies,” the report said.

Trump Jr. also said event contract exchanges should be overseen by federal authorities, according to the people cited by the Times. His reported remarks come as states and the federal government contest authority over sports-related offerings from event contract exchanges.

The president’s son is an advisor to Kalshi and Polymarket, the two largest prediction-market platforms. Kalshi said Trump Jr. provides input on its marketing strategy rather than regulations. A Polymarket spokesperson did not directly address the reported comments, but said the company believes the Commodity Futures Trading Commission governs prediction markets and their exchanges.

A spokesperson for Trump Jr. said he was invited by the Republican Attorneys General Association and spoke about prediction-market regulation for roughly one minute after a moderator’s question. The CFTC has sued nine states to block state regulation of prediction markets; eight of those states have Democratic attorneys general. Separately, 44 attorneys general wrote to the CFTC last month saying the agency cannot oversee sports-related event contracts.

Kalshi said states were acting in an unprecedented and overly aggressive way by trying to shut down a federally licensed exchange. The company also said lobbyist Jim Harrell helped shape language in North Carolina’s state budget setting a 6% tax on prediction markets, compared with a 23% tax on sportsbooks. The White House and 1789 Capital, where Trump Jr. is a partner, did not immediately return CNBC’s request for comment.