Regulatory Showdown Unfolds as Top Venture Firm Clashes with Federal Agency Over Controversial Cryptocurrency Guidelines
The Commodity Futures Trading Commission (CFTC) filed lawsuits against Arizona, Connecticut, and Illinois on 02 April 2026. Each state had moved to restrict prediction-market event contracts under state gambling law. The CFTC argues it holds exclusive federal authority over these contracts and that state gambling rules do not apply.
"The CFTC will continue to safeguard its exclusive regulatory authority over these markets and defend market participants against overzealous state regulators.", 02 April 2026. — Michael S. Selig, Chairman, U.S. Commodity Futures Trading Commission
SEC and CFTC sign coordination agreement in MarchThe Securities and Exchange Commission (SEC) and the CFTC signed a memorandum of understanding on 11 March 2026. SEC Chairman Paul S. Atkins signed the document. The agreement formalises regulatory harmonization between the two agencies on overlapping financial product oversight.
Andreessen Horowitz calls for Rule 40.11 rewriteVenture capital firm Andreessen Horowitz, also known as a16z, submitted a formal comment to the CFTC on 30 April 2026. The comment responded to the CFTC's Advance Notice of Proposed Rulemaking on prediction markets, which the agency opened on 12 March 2026. The filing asks the CFTC to rewrite Rule 40.11, the CFTC rule that allows blanket prohibitions on categories of event contracts. a16z argues the rule should require case-by-case public interest reviews instead of blanket prohibitions.
Federal rulemaking process sets 30 April comment deadlineThe CFTC's Advance Notice of Proposed Rulemaking was published in the Federal Register on 16 March 2026. The notice invited public comment on a new regulatory framework for prediction markets. The 30 April 2026 deadline applied to all written submissions, including the a16z filing. "The CFTC will continue to safeguard its exclusive regulatory authority over these markets and defend market participants against overzealous state regulators.", 02 April 2026. — Michael S. Selig, Chairman, U.S. Commodity Futures Trading Commission
SEC and CFTC sign coordination agreement in MarchThe Securities and Exchange Commission (SEC) and the CFTC signed a memorandum of understanding on 11 March 2026. SEC Chairman Paul S. Atkins signed the document. The agreement formalises regulatory harmonization between the two agencies on overlapping financial product oversight.
Andreessen Horowitz calls for Rule 40.11 rewriteVenture capital firm Andreessen Horowitz, also known as a16z, submitted a formal comment to the CFTC on 30 April 2026. The comment responded to the CFTC's Advance Notice of Proposed Rulemaking on prediction markets, which the agency opened on 12 March 2026. The filing asks the CFTC to rewrite Rule 40.11, the CFTC rule that allows blanket prohibitions on categories of event contracts. a16z argues the rule should require case-by-case public interest reviews instead of blanket prohibitions.
Federal rulemaking process sets 30 April comment deadlineThe CFTC's Advance Notice of Proposed Rulemaking was published in the Federal Register on 16 March 2026. The notice invited public comment on a new regulatory framework for prediction markets. The 30 April 2026 deadline applied to all written submissions, including the a16z filing. SEC and CFTC sign coordination agreement in MarchThe Securities and Exchange Commission (SEC) and the CFTC signed a memorandum of understanding on 11 March 2026. SEC Chairman Paul S. Atkins signed the document. The agreement formalises regulatory harmonization between the two agencies on overlapping financial product oversight.
Andreessen Horowitz calls for Rule 40.11 rewriteVenture capital firm Andreessen Horowitz, also known as a16z, submitted a formal comment to the CFTC on 30 April 2026. The comment responded to the CFTC's Advance Notice of Proposed Rulemaking on prediction markets, which the agency opened on 12 March 2026. The filing asks the CFTC to rewrite Rule 40.11, the CFTC rule that allows blanket prohibitions on categories of event contracts. a16z argues the rule should require case-by-case public interest reviews instead of blanket prohibitions.
Federal rulemaking process sets 30 April comment deadlineThe CFTC's Advance Notice of Proposed Rulemaking was published in the Federal Register on 16 March 2026. The notice invited public comment on a new regulatory framework for prediction markets. The 30 April 2026 deadline applied to all written submissions, including the a16z filing. The Securities and Exchange Commission (SEC) and the CFTC signed a memorandum of understanding on 11 March 2026. SEC Chairman Paul S. Atkins signed the document. The agreement formalises regulatory harmonization between the two agencies on overlapping financial product oversight.
Andreessen Horowitz calls for Rule 40.11 rewriteVenture capital firm Andreessen Horowitz, also known as a16z, submitted a formal comment to the CFTC on 30 April 2026. The comment responded to the CFTC's Advance Notice of Proposed Rulemaking on prediction markets, which the agency opened on 12 March 2026. The filing asks the CFTC to rewrite Rule 40.11, the CFTC rule that allows blanket prohibitions on categories of event contracts. a16z argues the rule should require case-by-case public interest reviews instead of blanket prohibitions.
Federal rulemaking process sets 30 April comment deadlineThe CFTC's Advance Notice of Proposed Rulemaking was published in the Federal Register on 16 March 2026. The notice invited public comment on a new regulatory framework for prediction markets. The 30 April 2026 deadline applied to all written submissions, including the a16z filing. Venture capital firm Andreessen Horowitz, also known as a16z, submitted a formal comment to the CFTC on 30 April 2026. The comment responded to the CFTC's Advance Notice of Proposed Rulemaking on prediction markets, which the agency opened on 12 March 2026. The filing asks the CFTC to rewrite Rule 40.11, the CFTC rule that allows blanket prohibitions on categories of event contracts. a16z argues the rule should require case-by-case public interest reviews instead of blanket prohibitions.
Federal rulemaking process sets 30 April comment deadlineThe CFTC's Advance Notice of Proposed Rulemaking was published in the Federal Register on 16 March 2026. The notice invited public comment on a new regulatory framework for prediction markets. The 30 April 2026 deadline applied to all written submissions, including the a16z filing. The CFTC's Advance Notice of Proposed Rulemaking was published in the Federal Register on 16 March 2026. The notice invited public comment on a new regulatory framework for prediction markets. The 30 April 2026 deadline applied to all written submissions, including the a16z filing. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.