Regulation & Institutions
The News: The Trump administration and the CFTC (under Chairman Michael Selig) have officially thrown their support behind prediction markets like Kalshi and Polymarket.
The Conflict: Several states (e.g., Nevada, Massachusetts) are trying to ban these platforms as "unlicensed gambling." The CFTC is intervening to argue that these are federally regulated derivatives, preempting state laws. This is a massive win for the legitimacy of event contracts$BTC $ETH
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