In its comment letter to the CFTC, Andreessen Horowitz (a16z) stated that state-level regulations on prediction markets are creating "barriers to fair access" and could weaken market liquidity. a16z pointed out that requiring platforms to restrict user access by state would affect market uniformity and conflict with federal principles of fair access. Furthermore, frequent bans and enforcement actions could also compress overall trading depth. The agency emphasized the important role of prediction markets in information discovery and probability pricing, and supported unified federal regulation. The CFTC, however, maintained that the relevant contracts fall under its exclusive regulatory purview.