White House Excludes Prediction Markets From Tech Meeting
The White House excluded prediction market companies from a Wednesday crypto and tech executive meeting. Organizers cited a desire to focus the event solely on crypto, weeks after a teleprompter operator was suspended over alleged Kalshi bets on Trump speeches.
- CFTC Chair Mike Selig, SEC Chair Paul Atkins, and crypto adviser Patrick Witt are expected to attend.
- Coinbase, Kraken, Ripple, Andreessen Horowitz, Nasdaq, and others are on the guest list.
- CME Group, which is suing the CFTC, is not among the invited IAC members.
- Over $1.4 billion: what Trump has reportedly earned from crypto ventures, per The Independent.
Why it matters: The meeting serves as the launch event for the CFTC's Innovation Advisory Committee, which will help set rules for digital asset markets.
- Prediction markets face mounting legal pressure from multiple states, including a New York lawsuit alleging Kalshi runs an illegal gambling business.
- The SEC recently proposed rules exempting some token offerings from securities regulations; comprehensive crypto legislation remains stalled in Congress.
How 18 sources split on this story
Where they split: Coverage divides on whether the exclusion reflects smart crisis management or a revealing sign of how political optics now drive crypto policy access.
Center coverage, 10 sources: The center focuses on the internal White House calculation behind the exclusion, treating the teleprompter episode as the key context and reporting the decision as one of optics management over policy.
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The Hill1dPrediction markets shut out of Trump’s meeting with tech executivesTNDThe National Desk1dTrump hosts crypto, technology leaders at White HouseWGAWGAL 822hWhite House push for crypto regulationYNYahoo News1dTrump Opens Door to Hyperliquid as US Pulls Crypto Trade OnshoreLeft coverage, 2 sources: The left frames the meeting as a troubling convergence of Trump's personal financial interests in crypto and his administration's policymaking, citing a Reuters/Ipsos poll showing most Americans believe he has profited inappropriately.
Right coverage, 6 sources: The right covers the exclusion as a straightforward scheduling choice, emphasizing the CFTC's jurisdictional defense of prediction markets and the broader industry's regulatory battles with states.
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NTD19hTrump Hosts Tech, Crypto Leaders Ahead of Inaugural Innovation Advisory Meeting
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The Washington Times1dTrump hosts crypto execs at White House after SEC guidelines releaseWhat’s next: The CFTC hosts the IAC's first formal meeting Thursday to chart a course for financial innovation.
- State-level prediction market lawsuits, including New York's case against Kalshi, head toward court battles.
- Will prediction market firms be brought into future White House or CFTC meetings once the teleprompter controversy fades?
- How will courts resolve the conflict between CFTC's claimed federal jurisdiction and state bans on prediction markets?