TechFlow News, April 30: The Hyperliquid Policy Center (HPC) announced it has formally submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC) in response to the CFTC’s Advance Notice of Proposed Rulemaking (ANPRM) on prediction markets. The letter advocates for refining the regulatory framework for centralized prediction markets while simultaneously establishing a clear compliance pathway for decentralized prediction markets built on public, permissionless blockchains.
In its comment letter, the HPC urges the CFTC to adopt more flexible, function-based rules that accommodate decentralized market structures; establish clear legal avenues for U.S. market participants to access decentralized prediction markets; and sustain U.S. leadership in decentralized finance (DeFi) innovation.
The HPC states that prediction markets represent a natural extension of the federal derivatives regulatory framework, enabling participants to directly manage their economic exposure to real-world events and to aggregate dispersed information via continuously updated market prices. Current rulemaking should not lock in reliance on a single exchange operator, custodial intermediaries, or traditional settlement and surveillance mechanisms—otherwise, it will impede U.S. users’ lawful participation in decentralized prediction markets. The HPC remains committed to facilitating compliant U.S. market access to Hyperliquid and HIP-4 outcome markets and will continue engaging with the CFTC.
