Trump softens stance on prediction markets boom

US President Donald Trump has softened his stance on prediction markets, saying the US risks being “left out in the cold” if it does not engage with the fast-growing sector.

His comments mark a shift from just days earlier when he said he was “not happy” with prediction markets, describing them as part of a world that has become “somewhat of a casino.”

“I don't know. I know some people who are very smart. They like it,”

Trump said, adding that global adoption could force the US to reconsider its position.

Prediction platforms such as Polymarket and Kalshi have seen rapid growth, with combined trading volumes hitting $23.6 billion in March, according to Token Terminal.

Trump’s evolving stance comes as his family deepens ties to the sector, with Donald Trump Jr. investing in Polymarket and advising Kalshi.

His media company, Trump Media, has also announced plans to launch prediction markets in partnership with Crypto.com on its Truth Social platform.

The shift highlights growing political and commercial interest in prediction markets, which are increasingly seen as both speculative tools and alternative information markets shaping public sentiment.