| The Polymarket lawsuit isn't about gambling, it's about survival. Polymarket just sued Massachusetts. Most individuals are ignoring this to stare at charts, however that is the infrastructure battle that really matters. They're arguing that states have zero authority here and that solely 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 financial products, 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 clear federal lane to grow. Do you trust the CFTC to manage this pretty, or is federal oversight only a totally different sort of lure? [link] [comments] |
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