AGA CEO Miller calls CFTC 'rogue agency' as Trump backs prediction markets
American Gaming Association president and CEO Bill Miller called the CFTC a 'rogue agency' during a CNBC 'Squawk Box' appearance on Thursday, accusing the regulator of allowing prediction markets to operate without proper oversight. Miller framed prediction markets as primarily another form of sports betting, reflecting the AGA's consistent opposition to the CFTC's approach. The attack escalates a lobbying conflict between regulated gambling operators and CFTC-registered prediction market platforms. The broadside comes as President Donald Trump has publicly signaled support for prediction markets to 'thrive,' creating tension between the AGA, the White House, and the CFTC over control of the US market for event-based wagering.
Miller's televised attack forces CFTC Chair Selig to defend the agency's legitimacy while the White House publicly praises the same platforms the AGA wants shut down. Any Selig move to tighten oversight now risks looking like surrender to casino lobbying.
AGA chief Bill Miller joins Minnesota lawmakers, Chair Selig, and President Trump in what has become a four-sided fight over who controls prediction market regulation — federal, state, industry, and White House interests now openly colliding in courts and on television.