could deplete liquidity and restrict market accessibility, supporting the Commodity Futures Trading Commission (CFTC). According to The Block, a16z submitted an 18-page comment letter to the CFTC on the 1st (local time), pointing out that actions by state government regulators against prediction market platforms (such as cease-and-desist orders and prohibition proposals) are creating barriers that hinder users' fair access to the market. The company stated, "Restricting U.S. users from using exchanges based on their state of residence conflicts with CFTC rules on fair market access," adding, "Blockchain-based prediction markets have higher transparency than existing platforms. The possibility of on-chain transaction auditing makes it easier for investors and regulators to monitor."
