NBC News Top Stories | Trump embraced the gambling industry for decades. Now he's hedging his bet on prediction markets. by Dareh Gregorian AI generated summary, Read the full article for complete information. President Donald Trump publicly lamented the growing popularity of gambling and prediction‑market betting, claiming he was never a fan, yet a review of recent events shows his administration, family, and businesses are deeply intertwined with the industry: Trump’s media arm announced a partnership with Crypto.com to launch prediction markets on Truth Social, his son Donald Jr. is an investor in Polymarket and adviser to rival Kalshi, and the White House has defended the president’s lack of direct involvement while emphasizing ethical standards; meanwhile, Trump downplayed federal charges against a U.S. special‑forces soldier accused of profiting from insider information on Polymarket, likening the case to Pete Rose’s betting scandal, and his administration has taken steps to support online betting—such as ending a Biden‑era effort to curb Polymarket and defending the CFTC’s exclusive regulatory authority against state challenges—reflecting a long‑standing family connection to gambling that dates back to Trump’s Atlantic‑City casinos and his past advocacy for online gaming legislation. Read more: https://www.nbcnews.com/politics/white-house/trump-embraced-gambling-industry-decades-now-hedging-bet-prediction-ma-rcna341871 #DonaldTrump #TruthSocial #Polymarket #CFTC #PeteRose #DonaldTrumpJr. AI generated summary, Read the full article for complete information.