Hyperliquid Perpetuals and Multicoin Capital endorse the CFTC's proposed prediction markets regulatory framework.
DeFi & Yields ·
Hyperliquid Perpetuals and Multicoin Capital have publicly backed the CFTC's proposed regulatory framework for prediction markets. The endorsement signals support from major participants in crypto derivatives trading for the regulator's approach to overseeing this emerging asset class.
The CFTC, as the primary U.S. regulator of derivatives markets, has been expanding its jurisdiction to cover crypto products including perpetual futures and prediction markets. CFTC Chair Michael Selig has argued that prediction markets outperform traditional polling methods and advocated for rules that support innovation while keeping related economic activity onshore. The regulatory framework under consideration would establish how platforms offering these contracts operate and protect market participants.
What remains unclear is the specific scope and timeline for finalizing the CFTC's prediction markets rules, and whether industry backing from established players like Hyperliquid will accelerate or influence regulatory decisions. The extent to which the framework will address cross-jurisdictional tensions—particularly with state regulators and the SEC—also remains to be defined.