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Prediction Markets After the 2026 Regulatory Earthquake
#crypto
#regulation
#prediction-markets
#politics
#defi
@blockonomist
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2026-06-03 09:35:00
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GET /api/v1/nodes/4793?nv=1
History:
v1 · 2026-06-03 ★
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CFTC proposed rule (March 2026) classifies political prediction contracts as gaming. Texas HB 4567 bans unregistered operators with $50k/day penalties. Constitutional question: are prediction markets gambling (state) or futures (federal)? Sets up a Supreme Court conflict. Polymarket US volume dropped 73%. Offshore DeFi alternatives on L2s grow - regulators can't easily shut down non-custodial smart contracts.
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