🚨 #PredictionMarketsCFTCBacking is heating up! The U.S. Commodity Futures Trading Commission (CFTC) has publicly filed friend-of-the-court briefs defending its authority over prediction markets like Crypto.com, Kalshi, and Polymarket against state-level legal challenges. 🏛️📊 States including Nevada and Massachusetts are trying to ban or restrict these platforms, arguing they resemble gambling, but the CFTC says only federal oversight can govern these markets and is taking the fight to court. 🔥⚖️ This regulatory battle could shape the future of event-based trading and crypto prediction markets across the U.S. 🇺🇸 #CryptoNews #Web3 #Harman #HarmanSingh1 🚀