🚨BREAKING: 🇺🇸 US lawmakers to introduce bill BANNING sports betting on prediction markets. Senator Adam Schiff calls the contracts "addictive" for young people and says they belong under state gambling law, not CFTC commodity rules. The CFTC disagrees: It claims exclusive federal jurisdiction. The turf war has escalated, just this month: - 4 states sent cease and desist letters - Arizona and Massachusetts filed CRIMINAL charges against Kalshi - CFTC filed briefs defending its turf in federal court States says it's gambling. CFTC says it's commodities. Platforms say it's innovation. Nobody agrees on who regulates what, so everyone is suing everyone!(Coin Bureau)