Hyperliquid Policy Center and Multicoin Capital Support CFTC's Proposed Regulatory Framework for Prediction Markets

Odaily Planet Daily News: The US CFTC is formulating regulatory rules for prediction markets. Hyperliquid Policy Center and Multicoin Capital have submitted a joint opinion, supporting the inclusion of clear standards in the regulatory text to avoid regulatory flip-flops with changes in administration; emphasizing that prediction markets should be uniformly regulated by the CFTC at the federal level, rather than being classified as gambling by individual states; and suggesting that the CFTC adopt an interpretation that "determines whether a contract involves sensitive areas such as war or gambling based on the settlement underlying," and at the conclusion of its review, publicly provide a full explanation of the reasons for either approving or denying a contract.