| The Polymarket lawsuit isn't about playing, it's about survival. Polymarket simply sued Massachusetts. Most individuals are ignoring this to stare at charts, however that is the infrastructure struggle that really issues. They are arguing that states have zero authority right here and that solely federal regulation by way of the CFTC applies. Massachusetts already went after Kalshi, forcing geofencing and treating prediction markets like casinos. Polymarket is pushing again, claiming these are monetary merchandise, not slots. This is the fork within the street. If the state wins, we get a fragmented mess of guidelines that kills liquidity. If Polymarket wins and the CFTC takes over, on-chain derivatives get a transparent federal lane to develop. Do you belief the CFTC to manage this pretty, or is federal oversight only a totally different sort of lure? [link] [comments] |
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