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Unchained

DEX in the City: Why the Prediction Market Bans Could Just Be Beginning

Unchained

Laura Shin

Business News, News, Tech News

4.61.3K Ratings

🗓️ 3 April 2026

⏱️ 41 minutes

🧾️ Download transcript

Summary

Former FTX General Counsel Ryne Miller joins the DEX in the City crew to unpack the CFTC's crypto moves. Does the agency have the staffing to achieve its “aggressive” agenda? Thanks to our sponsor, Nexo, the premier digital wealth platform. Receive interest on your digital assets. Borrow against them without selling. Trade a variety of cryptocurrencies. All in one platform. Now available in the U.S. Get started today at nexo.com/unchained. The Commodity Futures Trading Commission under Chair Mike Selig has unveiled an expansive agenda across artificial intelligence, crypto and prediction markets.  Former CFTC staffer and FTX General Counsel Ryne Miller joins DEX in the City hosts Vy Le and Jessi Brooks to unpack the agenda and answer whether the regulator has the resources to fulfill it. According to Miller, the agenda could see the agency return to a schedule similar to the Dodd-Frank era under then-Chair Gary Gensler.  Beyond the CFTC's regulatory moves, Miller also weighs in on the growing bans on the use of prediction markets by certain officials. Find out why he says it is a trend that is likely to continue. Plus, should Canton be segregated from other blockchains? Hosts: ⁠⁠⁠⁠⁠⁠Jessi Brooks⁠⁠⁠⁠⁠⁠, General Counsel at Ribbit Capital ⁠⁠⁠⁠⁠TuongVy Le, General Counsel at Veda Guest: ⁠Ryne Miller, Partner at Morrison Foerster & Former FTX General Counsel Links: Unchained: CFTC Clears Path for Phantom to Bridge Crypto Wallets and Derivatives CFTC Moves to Rein In Prediction Markets as Industry Booms SEC and CFTC Move Toward Unified Crypto Rules Crypto Startup Bet on Its Own Fundraise on Polymarket, Then Apologized How Prediction Markets Make Espionage So Much Easier — and Risk National Security Visa Approves Its First Blockchain Governance Proposal, Joining Canton Network as Super Validator Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everyone and welcome to Dex in the City where the wallets are cold and the takes are hot. Before we get going, remember we're lawyers, but we're not your lawyers. Nothing you hear on Dex in the City is legal or financial advice and it doesn't create an attorney-client relationship for the fine print check, unchained crypto.com. Before we continue, here's a word from our spot.

0:22.4

Introducing Nexo, the premier digital wealth platform.

0:25.9

Receive interest on your digital assets.

0:28.7

Borrow against them without selling.

0:30.5

Trade a variety of cryptocurrencies.

0:32.9

All in one platform.

0:34.7

Now available in the U.S.

0:36.4

Get started today at nexo.com slash unchained.

0:41.2

Quick note before we get into today's episode.

0:43.4

Bits and Bits Now has its dedicated feed.

0:45.5

We're spinning off from the Unchained feed and moving to a new podcast and YouTube channel.

0:49.6

So if you want to keep up with our weekly live streams and macro meets,

0:52.5

crypto breakdowns, make sure to subscribe to Bits and Bips directly. We won't publish there until March, but subscribe

0:57.9

today so you can be ready for launch. Be sure to subscribe to the new feeds at unchained

1:02.0

crypto.com slash bits and bips. I'm your host, V Lee. I'm here with my co-host, Jesse Brooks. And joining us today is Ryan Miller, a partner at Morrison and Forrester. And Ryan, why don't you give us just like a minute of your background and then we can kind of jump right to it?

1:24.1

Sure. Thanks, V. Thanks, Jesse. Happy to be on the podcast.

1:28.3

So I'm in New York at MoFo in our financial services group, and my practice is largely

1:33.8

trading in markets.

1:35.3

And so I've worked with over the years exchanges, brokers, traders, hedge funds, banks,

1:41.9

anyone trading anything, whether it's crypto, prediction markets, commodities

1:46.7

and derivatives securities. Years ago, I worked at the CFTC, which some people find interesting.

1:51.8

I was on the staff there during Dodd-Frank and also was counsel to the chairman at the time,

...

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