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