a16z supports the CFTC, stating that state-level regulation will undermine prediction market liquidity
According to Odaily, Andreessen Horowitz (a16z) stated in a letter to the CFTC that individual states’ regulatory measures targeting prediction markets are creating “barriers to fair access” and may diminish market liquidity.
a16z pointed out that requiring platforms to restrict user access by state will affect market unity and conflict with the principle of fair access at the federal level. At the same time, frequent bans and enforcement actions could compress overall trading depth.
The firm emphasized that prediction markets play an important role in information discovery and probability pricing, and supports unified federal regulation. The CFTC maintains that related contracts fall under its exclusive regulatory scope.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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