The Commodity Futures Trading Commission (CFTC) came to the House Agriculture Committee on Thursday (April 16), hoping to talk about market integrity and fraud. Instead, it got dragged into the much messier question hanging over prediction markets, i.e. when does a “financial product” start looking suspiciously like a sportsbook in a blazer? The answer, judging by the CFTC hearing, is right about the moment lawmakers start saying “Jose Altuve home run prop” out loud. The tension has been building for months. The CFTC has been pushing new guidance and a formal rulemaking process for prediction markets even as the larger fight over whether these contracts are legitimate exchanges or just gambling with better stationery keeps escalating.…