U.S. judge behind landmark XRP ruling deals fresh blow

Prediction markets are nothing more than gambling, and federal oversight won't save them. Judge Torres just ruled that state gambling laws override the CFTC, meaning platforms like Kalshi and Polymarket are legally no different from a sportsbook. This destroys the industry's claim that they are "regulated swaps" and hands total control to state regulators. Is it time to admit these platforms are just casinos in disguise, or is this a massive judicial overreach? What’s your take?
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