The CFTC is attempting to step into a criminal case involving an American servicemember accused of using nonpublic information to place bets on the crypto prediction platform Polymarket, a case corresponding to which a prior CFTC civil lawsuit was previously stayed by a judge. This move sends a clear signal: regulators are trying to cross existing jurisdictional boundaries and bring nonpublic-information betting activities on crypto prediction markets within their enforcement scope. As a result, compliance costs for similar platforms will rise significantly, and the previously ambiguous regulatory gray area is being rapidly squeezed. This regulatory development is directly linked to the compliance expectations of the crypto ecosystem where BTC and ETH operate, and the market will likely readjust upward the risk premium associated with regulatory uncertainty in parts of the crypto sector that are not clearly compliant. $BTC $ETH #加密监管 #预测市场监管 #机构动向