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a16z & CFTC vs States: Fight for Prediction Markets
Published 3 weeks, 1 day ago
Description
Venture capital firm a16z joins forces with the CFTC to challenge states regulating prediction markets, arguing federal law grants equal access. States counter with gambling claims, but a16z pushes for CFTC to define gaming. Trading volumes surge, with retail users driving popularity, as Polymarket negotiates with CFTC to lift US user ban.
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