Trump embraced the gambling industry for decades. Now he's hedging his bet on prediction markets.

President Donald Trump on Thursday bemoaned to reporters the surge of interest in gambling and prediction markets in recent years, but he and his administration have been all in on the phenomenon, an NBC News review shows."You know, the whole world, unfortunately, has become somewhat of a casino.

President Donald Trump on Thursday bemoaned to reporters the surge of interest in gambling and prediction markets in recent years, but he and his administration have been all in on the phenomenon, an NBC News review shows.

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"You know, the whole world, unfortunately, has become somewhat of a casino. And you look at what’s going on all over the world and Europe, and every place they’re doing these betting things. I was never much in favor of it. I don’t like it conceptually, but it is what it is now," Trump said when asked in the Oval Office about people who had placed lucrative bets centered around the Iran war.

"I think that I’m not happy with any of that stuff, but they have all these different sites of predictive markets. It’s a crazy world. It’s a much different world than it was," he said.