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Regulatory Showdown: Hyperliquid and Multicoin Demand Unified Rules for Prediction Markets

July 28, 202606:47 AM
Regulatory Showdown: Hyperliquid and Multicoin Demand Unified Rules for Prediction Markets

In a decisive move to combat regulatory ambiguity, Hyperliquid and Multicoin Capital have filed a joint petition with the CFTC. The filing advocates for federal oversight but demands a unified rulebook for prediction markets to ensure industry-wide consistency and legal certainty.

The core of the demand focuses on transparency, specifically asking the CFTC to clarify settlement tests and mandate the publication of detailed reasoning following every contract review. This push for accountability aims to prevent arbitrary enforcement and create a stable environment for the next wave of institutional adoption in decentralized finance.

Key demands include a formal clarification of settlement tests and a requirement for the CFTC to publish its specific reasoning after reviewing any contract. By seeking this level of transparency, the industry leaders hope to establish a predictable framework that fosters innovation rather than stifling it through opaque regulatory decisions.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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