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a16z Tells CFTC State Prediction Market Rules Could Limit Access
a16z submitted an 18-page comment letter to the CFTC on May 1, warning that state-level prediction market rules could drain liquidity and limit user access. a16z said cease-and-desist orders and proposed state bans create barriers that conflict with CFTC rules on fair market access. a16z also said blockchain-based prediction markets are more transparent because on-chain transactions can be audited.