The prediction market has always been highly uncertain: is it considered gambling or a financial instrument? The Brazilian Central Bank has given a somewhat "gambling" answer this time.

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CFTC Sues New York as 38 AGs Back Kalshi Prediction Market Ban
New York Attorney General Letitia James joined a bipartisan coalition of 37 other attorneys general and the District of Columbia on Friday in urging Massachusetts' top court to uphold a preliminary injunction against prediction market platform Kalshi, while the U.S. Commodity Futures Trading Commiss
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