Today, mana is a play money system; however, would it be legal for Manifold to allow you to withdraw your mana to USD, so long as you were an accredited investor?

I suspect that this would be yes, as then your investments on Manifold would be akin to trading unregistered securities, acceptable for accredited investors. @JamesGrugett thinks no, on the basis that our primary market type is a binary contract, which would fall under the purview of the CFTC.

Market resolves to whatever I believe to be the case at resolution time. If the question doesn't feel settled at resolution time, I will resolve to MKT with 90% chance, and ask a lawyer with 10% chance, based on a dice roll from eg @FairlyRandom .

Some links:

• https://www.sec.gov/files/ia_binary.pdf

• https://www.klgates.com/CFTC-and-SEC-Perspectives-on-Cryptocurrency-and-Digital-Assets-Volume-I-A-Jurisdictional-Overview-5-6-2022

(Nothing in this market or comments should be taken as legal advice)