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Birdie_OKX
Birdie_OKX
The CFTC is going to war with prediction markets - and the timing is no accident. Kalshi and Polymarket are already banned in Brazil. A US soldier just got prosecuted for using Polymarket with insider military knowledge. Now the CFTC is pushing for jurisdiction over the entire prediction market sector, arguing these are unregulated derivatives exchanges, not information markets. This matters enormously for crypto because Polymarket runs on Polygon, USDT is the settlement currency, and prediction markets are one of the few DeFi use cases with genuine mainstream adoption. If the CFTC wins this fight, every crypto-settled prediction market faces the same compliance burden as a regulated futures exchange. The product either gets geo-blocked or becomes a permissioned platform. Prediction markets called the 2024 election better than every poll. Now regulators want to control the pipes. Is this protecting users, or killing the one application that proved decentralized information markets actually work? #PredictionMarketWarCFTC

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