diff --git a/domains/internet-finance/cftc-licensed-dcm-preemption-protects-centralized-prediction-markets-but-not-decentralized-governance-markets.md b/domains/internet-finance/cftc-licensed-dcm-preemption-protects-centralized-prediction-markets-but-not-decentralized-governance-markets.md index 76df942e6..0e80b7b1a 100644 --- a/domains/internet-finance/cftc-licensed-dcm-preemption-protects-centralized-prediction-markets-but-not-decentralized-governance-markets.md +++ b/domains/internet-finance/cftc-licensed-dcm-preemption-protects-centralized-prediction-markets-but-not-decentralized-governance-markets.md @@ -66,3 +66,10 @@ Judge Nelson's Rule 40.11 paradox argument directly challenges the DCM preemptio **Source:** MultiState, March 2026 Curtis-Schiff bill would eliminate DCM preemption for sports contracts through Congressional redefinition, showing that CFTC registration does not provide permanent regulatory protection against legislative action + + +## Challenging Evidence + +**Source:** Prediction Markets Are Gambling Act, Curtis-Schiff, March 23, 2026 + +Curtis-Schiff bill would eliminate DCM preemption protection by Congressional redefinition of sports contracts as gambling products requiring state gaming licenses. This represents a legislative override pathway that makes DCM registration insufficient protection—if the bill passes, CFTC-registered platforms would be prohibited from listing sports contracts regardless of preemption doctrine. The scope limitation (DCM platforms only, not on-chain markets) preserves the decentralized governance market distinction but eliminates the centralized platform protection mechanism. diff --git a/domains/internet-finance/futarchy-governance-markets-risk-regulatory-capture-by-anti-gambling-frameworks-because-the-event-betting-and-organizational-governance-use-cases-are-conflated-in-current-policy-discourse.md b/domains/internet-finance/futarchy-governance-markets-risk-regulatory-capture-by-anti-gambling-frameworks-because-the-event-betting-and-organizational-governance-use-cases-are-conflated-in-current-policy-discourse.md index 8774fa115..6c361326c 100644 --- a/domains/internet-finance/futarchy-governance-markets-risk-regulatory-capture-by-anti-gambling-frameworks-because-the-event-betting-and-organizational-governance-use-cases-are-conflated-in-current-policy-discourse.md +++ b/domains/internet-finance/futarchy-governance-markets-risk-regulatory-capture-by-anti-gambling-frameworks-because-the-event-betting-and-organizational-governance-use-cases-are-conflated-in-current-policy-discourse.md @@ -94,3 +94,10 @@ Curtis-Schiff Prediction Markets Are Gambling Act (March 2026) demonstrates the **Source:** MultiState, March 2026 Curtis-Schiff bill demonstrates concrete legislative pathway where sports prediction markets are redefined as gambling despite CFTC registration, with bipartisan Senate support suggesting political durability beyond partisan opposition + + +## Extending Evidence + +**Source:** MultiState legislative tracking, March 23, 2026 + +Curtis-Schiff Prediction Markets Are Gambling Act (March 2026) demonstrates bipartisan Congressional support for reclassifying prediction market sports contracts as gambling, with Republican Curtis (Utah) joining Democrat Schiff (California). This breaks the partisan framing and elevates the threat from regulatory interpretation to potential statutory redefinition. However, the bill's scope explicitly targets CFTC-registered DCM platforms and does NOT address on-chain prediction markets or futarchy governance markets, suggesting the legislative threat may be narrower than the broader regulatory conflation risk.