The (https://www.cnbc.com/2026/07/16/the-sec-may-get-involved-as-prediction-market-bring-new-contracts.html) just exposed the deepest regulatory vulnerability in fintech and banking: the SEC and CFTC are both claiming jurisdiction over the same contracts. This isn't a policy debate — it's a compliance nightmare. Banks like $JPM and brokerages processing these trades will face dual reporting, dual audits, and dual penalty risk.

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