The criticism followed Multicoin Capital’s partnership with the Hyperliquid Policy Center to support the CFTC’s prediction markets framework, highlighting tensions over how crypto firms engage with U.S. regulation.
Kyle Samani said Multicoin Capital is “working against everything” Solana builders are creating after the firm partnered with the Hyperliquid Policy Center to back the CFTC’s prediction markets framework. The remark points to a dispute over how crypto investors and policy groups should approach oversight of prediction markets, an area that sits at the intersection of digital assets and derivatives regulation. The CFTC is the U.S. derivatives regulator.