“event contracts will become either gambling or institutional hedging infrastructure”
The CFTC's recent event contract proposal marks a turning point for prediction markets as a new financial asset class, argues Rashan Colbert. Legal classification will determine whether event contracts develop as gambling products or as legitimate event-risk infrastructure for institutions and protocols. Part one of a planned summer series from the former dYdX and Senate policy lead.
No technical background needed
Platforms mentioned: Polymarket, Kalshi