A16z Backs CFTC in Friday Comment Letter, Cites State Prediction Market Rules as Access Barrier

According to The Block, Andreessen Horowitz submitted an 18-page comment letter to the CFTC on Friday, supporting federal oversight of prediction markets and arguing that state-level regulations create barriers to fair market access. The VC firm said that cease-and-desist letters and proposed bans from state regulators against platforms like Kalshi and Polymarket are creating a "serious barrier to impartial access" for users. A16z wrote that requiring exchanges to block users based on their state of residence conflicts with CFTC rules on fair market access and will "likely severely circumscribe available liquidity."
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments