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Election betting booms ahead of midterms as states weigh power to curb prediction markets

  • Election betting booms ahead of midterms as states weigh power to curb prediction markets — Election betting is surging as the midterms near, while states question whether they can curb the platforms. The CFTC asserts federal authority over event contracts, Polymarket backs a federal framework over state rules, and 16 civic watchdog groups have urged the CFTC to prohibit election-related contracts. (South Florida Reporter)

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