The Commodity Futures Trading Commission (@CFTC) is facing criticism over its proposed rule to ban event contracts in the U.S., which would impact decentralized prediction markets like Polymarket, the world’s largest prediction market. Critics, including the Winklevoss twins, cryptocurrency exchange Gemini, and Coinbase, argue that the rule is too vague and threatens innovation. They emphasize that prediction markets provide valuable datasets and financial accountability, unlike traditional polls or expert opinions. Supporters of prediction markets have submitted comment letters to the CFTC, urging the withdrawal of the proposed rule, highlighting the public utility and integrity of these platforms.