#PredictionMarketsCFTCBacking Big regulatory fight happening right now in the U.S. đ
The CFTC, under Chair Michael Selig, just filed official court briefs supporting prediction platforms like Kalshi and Crypto.com.
Basically, the federal regulator is saying:
đ These are financial derivatives.
đ Not state-level gambling.
But several states â including Nevada, Massachusetts, Maryland & New Jersey â are pushing back hard, calling them unlicensed sports betting.
Now itâs turning into a serious federal vs state showdown. And this could even reach the Supreme Court.
Curious to hear your take â bullish or skeptical on prediction markets? đ§