@classyonchain
everyone celebrated the regulatory moat
but it just got commoditized
@polymarket acquired QCX LLC to get CFTC self-certification, the exact same regulatory pathway Kalshi used to dominate US markets.
what this means:
any well-funded platform can now copy this playbook. expect 10+ new CFTC-compliant prediction market platforms in next 6 months.
regulatory approval isn't a defensible moat anymore.
what matters next is what separates the infrastructure winners from the platform copycats.
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