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#PredictionMarketsCFTCBacking CFTC's new Chairman, Michael Selig, has made a major announcement regarding prediction markets (like Kalshi and Polymarket). Now, the CFTC considers these markets not as "Gaming" or "Gambling", but as "Financial Tools". ​Key Highlights (Post Content): ​Proposed Ban Lifted: The CFTC has withdrawn the old rule that was going to ban election and sports betting markets. ​Exclusive Jurisdiction: The CFTC claims that only they have the right to regulate these markets, not the States (like Nevada or NJ). ​Innovation Support: The Trump administration and the CFTC are now promoting these platforms so that people can "hedge" against events like inflation, elections, and weather. ​Court Battles: Although states like Nevada and Massachusetts are still trying to halt this, federal backing has tipped the scales in favor of prediction markets. ​Your Benefit? Now traders can participate in these legal platforms without fear, as they are now considered part of mainstream finance. ​📱 Social Media Caption (Hinglish): ​"The Federal Moratorium on Prediction Markets has now been lifted! 🏛️✅ ​CFTC has decided to support prediction markets by lifting its old ban. Now whether it's elections or sports, these contracts will be considered 'hedging tools', not gambling. ​Are you ready to earn by predicting the future? 💰📊 ​#PredictionMarkets #Kalshi #Polymarket #CFTC #FinanceUpdates #CryptoNews