GarryNdLarry

$BTC $BNB $USDC Here’s a latest analysis) on #PredictionMarketsCFTCBacking — summarizing the most recent regulatory and industry developments with an image to illustrate the topic: AP News The Guardian NEXT.io Trump administration backs Kalshi, Polymarket as states move to ban prediction markets Surging prediction markets face legal backlash in US: 'Lines have been blurred' CFTC chair slams 'overzealous' regulators targeting prediction markets - NEXT.io Yesterday Yesterday Yesterday U.S. regulators are now openly backing prediction markets — digital platforms where users trade contracts tied to event outcomes — and the focus has shifted sharply toward federal authority and legal clarity. The Commodity Futures Trading Commission (CFTC), under Chairman Michael Selig, has asserted exclusive jurisdiction over prediction markets and filed an amicus brief in the Ninth Circuit to defend that view against state legal challenges. The CFTC argues these platforms are commodity derivatives under the Commodity Exchange Act, not gambling, and should remain federally regulated, not subject to a patchwork of state gambling laws. � Commodity Futures Trading Commission +1 This federal backing comes amid an increasing number of state lawsuits (e.g., Nevada, New York, Massachusetts) targeting operators like Kalshi and Polymarket, claiming they function as unlicensed sportsbooks. The dispute highlights a core regulatory battle: states labeling them as gambling vs. the CFTC treating them as financial hedging and information aggregation tools. � AP News +1 Industry support is growing too. Advocacy groups are forming working arms to seek clarity, while the CFTC considers clearer rules and advisory committees to guide the sector’s evolution. � TradingView 📸 Prediction markets are increasingly in the spotlight as regulators, lawmakers, and tech advocates debate their future legality and structure.#HarvardAddsETHExposure #PEPEBrokeThroughDowntrendLine