[evrydayhustling]

You could make the same argument about any market. And there is a self-consistent libertarian position that no voluntary economic transactions at all should be limited for this reason. But if you accept any form of regulation, the same arguments apply for regulating any market: historically, many markets have been set up with unfair rules that cheat participants because there is a information imbalance between organizers and participants. The CFTC proactively sets standards of fair play and disclosure to address that gap.

Their letter suggests that they were specifically withdrawing the right of predictt to operate without registration. It seems like the discussion can be advanced by registering.

[JoshCole]

Thanks. This answer helped me get more clarity.