HPC and Multicoin support the CFTC predictive market supervision framework, and the prediction market should be uniformly regulated by the CFTC

In comparison, Hyperliquid Policy Center (HPC) revealed that it has submitted a joint submission with Multicoin Capital to the US Commodity Futures Trading Commission (CFTC) to support its proposed predictive market regulation framework.

The two sides stated that the forecasting market should be uniformly supervised by the CFTC as the sole federal regulator, rather than being managed separately by each state in accordance with gaming regulations to avoid market fragmentation. HPC and Multicoin believe that event contracts based on trading platforms are fundamentally different from traditional gaming, and the former should be incorporated into the financial market supervision system.

The opinion suggests that the CFTC further clarify incident contract review standards, including using judgment methods based on contract settlement results and disclosing the specific reasons for each review decision to improve regulatory transparency and provide stable expectations for market participants.

Hyperliquid said its platform already supports outcome-based on-chain contract trading. The relevant market has grown rapidly since its launch in May, the number of unclosed positions recently reached a record high, and all positions were completed through on-chain collateral and settlement. Both sides believe that a clear and technology-neutral federal regulatory framework will drive the development of compliance in the on-chain prediction market and derivatives market.

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