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Federal Reserve Backs Prediction Markets for Inflation Forecasting Amid Regulatory Challenges
Federal Reserve researchers have endorsed macro-focused prediction markets as effective tools for real-time forecasting of inflation and interest rates, suggesting they surpass traditional measures. According to NS3.AI, these markets offer a more dynamic approach to economic predictions. However, state regulators, particularly in Nevada, are intensifying enforcement actions against certain prediction markets due to concerns over gambling. Industry experts highlight that ongoing regulatory uncertainty may hinder the liquidity and stability required for these markets to reach their full potential as forecasting tools.
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The $BNB chart is looking quite interesting right now The market is currently sitting at a critical support level. Based on EMA and MACD signals, are we looking at a major reversal from here, or is there more correction on the way. What’s your take. Is this the right spot for an entry, or is it wiser to wait and watch, Let me know your thoughts in the comments Follow me for more market updates and accurate signals.#Binance #Crypto_Jobs🎯 #Write2Earn #bnb