ChainThink reports that on July 27, the Hyperliquid Policy Center (HPC) disclosed that it has jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC) with Multicoin Capital, supporting the CFTC’s proposed regulatory framework for prediction markets.
HPC and Multicoin stated that prediction markets should be uniformly regulated by the CFTC as the sole federal regulator, rather than being separately governed by individual states under gambling laws, to prevent market fragmentation.
Both parties believe that event contracts facilitated by trading platforms differ fundamentally from traditional gambling and should be brought under the scope of financial market regulation.
The opinion letter recommends that the CFTC further clarify its event contract review criteria by adopting a judgment approach based on contract settlement outcomes and publicly disclosing the specific rationale for each review decision to enhance regulatory transparency.
Hyperliquid stated that its platform now supports on-chain, results-based contracts, with markets growing rapidly since their launch in May; open interest recently reached an all-time high, and all positions are settled and collateralized on-chain.