The CFTC is stepping up its defense of prediction markets against growing state-level restrictions, reinforcing federal authority over platforms like Polymarket and Kalshi. 🔹 Minnesota’s newly proposed legislation would effectively criminalize prediction markets beginning August 1 🔹 The CFTC maintains that these contracts fall under federal derivatives jurisdiction rather than individual state oversight 🔹 Polymarket’s collaboration with Nasdaq Private Market is also expanding prediction markets into private-company valuations and IPO forecasting As regulatory clarity continues improving, prediction markets may evolve into one of the fastest-growing sectors bridging traditional finance with blockchain infrastructure. $ETH $LINK #CFTCDefendsPredMarkets #USTreasuryHits19YrHigh