A16z Backs CFTC in Fight Against State Prediction Market Bans

A16z Backs CFTC in Fight Against State Prediction Market Bans

A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket. The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction markets. It argues that state-level crackdowns, ranging from cease-and-desist…

A16z Says State Limits on Prediction Markets Risk Fragmenting US Liquidity

Why Is a16z Opposing State-Level Restrictions? Venture capital firm Andreessen Horowitz has backed the Commodity Futures Trading Commission in a growing dispute with US states over the regulation of prediction markets, arguing that state-level actions are disrupting market access and liquidity. In an 18-page comment letter submitted to the CFTC, the firm said cease-and-desist orders and proposed bans from state regulators are creating barriers t…

A16z Backs CFTC in Fight Against State Prediction Market Bans - Invest In Crypto News

A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket. The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction markets. It argues that state-level crackdowns, ranging from cease-and-desist…

A16z backs CFTC as states seek to ban prediction markets

A16z has stepped into the federal-state clash over prediction markets by submitting a letter to the Commodity Futures Trading Commission (CFTC) that argues state-level crackdowns undercut the agency’s mandate to provide impartial access to its markets. The move comes...

A16z sides with CFTC against states seeking to ban prediction markets

Venture capital firm a16z argues that state crackdowns on platforms like Kalshi and Polymarket conflict with federal law and hurt market access for …

CFTC Chair's Bold Push To Limit State Interference In Prediction Markets Sparks Industry Shift

BitcoinWorld CFTC Chair’s Bold Push to Limit State Interference in Prediction Markets Sparks Industry Shift U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is pursuing a plan to limit state government interference in prediction markets, a move that could reshape the landscape for platforms like Polymarket and Kalshi. The initiative, reported by The Information, aims to create a unified federal framework that overrides co…