U.S. President Donald Trump has softened his stance on prediction markets days after voicing concern over their rapid rise. Speaking to reporters in Florida on Saturday, Trump acknowledged that some experienced participants support these platforms, even as he maintained a…

The agency reports that losses from social media scams have increased eightfold and that social media scams resulted in higher losses than any other method scammers used to contact consumers.

The CFTC sued New York to block state gambling laws from applying to federally regulated prediction market platforms.