Brad Bourque(@BradBourque):The most contested question for prediction markets is who regulates them. More than a dozen states argue in court that these markets belong under state gaming laws. But gambling laws police a house that profits when you lose. A derivatives exchange has no house; it matches buyers and sellers and earns the same fee either way. Congress saw the difference and gave the CFTC exclusive authority over event contracts, with one federal rulebook in place of a state-by-state patchwork. Today, @HyperliquidPC and @multicoin filed a joint comment in support of the CFTC's proposal, with two refinements to make it even stronger. ⬇️

2026.07.27 12:04

The most contested question for prediction markets is who regulates them. More than a dozen states argue in court that these markets belong under state gaming laws. But gambling laws police a house that profits when you lose. A derivatives exchange has no house; it matches buyers and sellers and earns the same fee either way. Congress saw the difference and gave the CFTC exclusive authority over event contracts, with one federal rulebook in place of a state-by-state patchwork. Today, @HyperliquidPC and @multicoin filed a joint comment in support of the CFTC's proposal, with two refinements to make it even stronger. ⬇️