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Bullish
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GM Binance Let’s cook today!
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Let’s cook today!
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PredictionMarketsCFTCBacking
17,986 views
646 Discussing
#PredictionMarketsCFTCBacking CFTC's new Chairman, Michael Selig, has made a major announcement regarding prediction markets (like Kalshi and Polymarket). Now, the CFTC considers these markets not as "Gaming" or "Gambling", but as "Financial Tools". Key Highlights (Post Content): Proposed Ban Lifted: The CFTC has withdrawn the old rule that was going to ban election and sports betting markets. Exclusive Jurisdiction: The CFTC claims that only they have the right to regulate these markets, not the States (like Nevada or NJ). Innovation Support: The Trump administration and the CFTC are now promoting these platforms so that people can "hedge" against events like inflation, elections, and weather. Court Battles: Although states like Nevada and Massachusetts are still trying to halt this, federal backing has tipped the scales in favor of prediction markets. Your Benefit? Now traders can participate in these legal platforms without fear, as they are now considered part of mainstream finance. 📱 Social Media Caption (Hinglish): "The Federal Moratorium on Prediction Markets has now been lifted! 🏛️✅ CFTC has decided to support prediction markets by lifting its old ban. Now whether it's elections or sports, these contracts will be considered 'hedging tools', not gambling. Are you ready to earn by predicting the future? 💰📊 #PredictionMarkets #Kalshi #Polymarket #CFTC #FinanceUpdates #CryptoNews
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