⚖️ 3 things to know: CFTC rewrites prediction-market rules, $BTC $82.5K
1️⃣ Interim rule, effective now: sets which sports bets are not swaps
2️⃣ New proposal puts sports, politics and weather contracts under swaps law
3️⃣ 30-day comment window; both cleared White House review in under 2 weeks
🏛️ States are suing; the Supreme Court was asked to settle it this week
🔥 Crypto barely moved: BTC flat on the hour, top gainer $MAGIC +86%
🎯 My take: policy headline, not a price driver; BTC $83.5K cap, $82.3K floor
💬 Kalshi and Polymarket bets: swaps or gambling? 👇
#PredictionMarkets #CFTC #CryptoRegulation
1️⃣ Interim rule, effective now: sets which sports bets are not swaps
2️⃣ New proposal puts sports, politics and weather contracts under swaps law
3️⃣ 30-day comment window; both cleared White House review in under 2 weeks
🏛️ States are suing; the Supreme Court was asked to settle it this week
🔥 Crypto barely moved: BTC flat on the hour, top gainer $MAGIC +86%
🎯 My take: policy headline, not a price driver; BTC $83.5K cap, $82.3K floor
💬 Kalshi and Polymarket bets: swaps or gambling? 👇
#PredictionMarkets #CFTC #CryptoRegulation