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The U.S. Commodity Futures Trading Commission has received over 1,500 public responses on its proposed rule for prediction market event contracts. Firms like Kalshi, Polymarket, and Andreessen Horowitz support CFTC’s authority over event contracts, while state regulators from Pennsylvania, Tennessee, and Missouri push back, arguing for state oversight. Legal pressure from states and ongoing legal disputes continue as the CFTC seeks to regulate event contracts.
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