As prediction markets like Polymarket and Kalshi become a more and more pervasive part of modern sports, culture, and news, CNN accused Trump of letting them run loose over American society. On this Thursday’s episode of Situation Room, senior reporter Marshall Cohen highlighted President Trump’s battles against state regulation measures while conveniently omitting his endorsements of the existing federal regulation body in their stead.
The segment begins with co-host Wolf Blitzer and Cohen discussing the issues surrounding prediction markets and the ways they are treated differently than proper gambling, being labelled as a “loophole” used to avoid the usual 21-year-old requirement for traditional gambling. They discuss the risks these markets pose to these users under 21.
