Fact-check: Multiple recent X posts, including from official CNBC accounts, link to and quote the exact CNBC article detailing Mick Mulvaney's statements favoring state over federal regulation of prediction markets as 'gambling' following Iran war bets. Real-time X discussion confirms the claims with no contradictions, aligning with the ongoing Prediction Market Regulation Debate. The reputable CNBC source provides direct reporting on Mulvaney's comments.
Prediction market 'gambling' needs state regulation, not feds, Mick Mulvaney says after Iran war bets
Former White House Chief of Staff Mick Mulvaney has weighed in on the regulatory debate surrounding prediction markets, arguing that state governments rather than federal authorities should oversee what he characterizes as 'gambling' on these platforms. His comments come in the wake of heightened attention to prediction markets following bets placed on Iran-related geopolitical events. The statement highlights ongoing tension between federal and state jurisdiction over the rapidly growing predic