Polymarket now goes viral outside of crypto regularly, Trump’s been posting his Polymarkets weekly, but crypto people haven’t embraced PMs yet. Why not?

Imo it’s not degen enough. They’d rather go for 100x on a memecoin than 2x on politics

Making markets more degen via either leverage or tokens is big opp

This. Most prediction markets aren’t available to US persons as they’re regulated as “event contracts” by the CFTC.

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

Do you have a view on how the next 5 years look for Americans using PMs?

Feels possible (maybe likely) that the courts eventually rein in the CFTC’s power to decide what event contracts are illegal, in a similar vein to Chevron deference

That would clear a path for big growth in U.S. market