a16z submitted a comment letter supporting the CFTC's exclusive jurisdiction over prediction markets, criticizing state-level individual regulations for undermining users' 'fair access' and market liquidity. a16z emphasized that blockchain-based prediction markets offer high on-chain audit transparency and price discovery utility. Reportedly, the CFTC has recently sued several state governments, including New York, for attempting to overstep their regulatory authority on prediction markets. (The Block)