The CFTC is continuing to defend prediction markets, arguing they can play an important role in price discovery and market forecasting. Prediction markets let users trade on the outcome of real-world events from elections to economic data and supporters say they reflect public expectations more accurately than traditional polls. The debate is heating up as regulators decide where to draw the line between financial innovation and gambling. For now, the bigger picture is clear: Prediction markets are becoming harder for regulators and Wall Street to ignore. #CFTCDefendsPredMarkets #DailyOrbit $BTC