The CFTC has proposed new rules that could reshape how market making works across prediction market platforms, from fee treatment for in-house market makers to limits on the positions they're allowed to take. The proposal touches everything from single-market liquidity to how combos and RFQs get priced, and depending on how it's implemented, it could change who's able to compete as a market maker at all.

Pro sports bettor and trader Porter of BA Analytics joins Circles Off to break down what the proposal actually changes, why the fee and positioning rules matter more than they might look on paper, and what tighter competition among market makers could mean for pricing and liquidity on these markets going forward.

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