The company known as the 2024 rule a “frolic into advantage regulation” and stated it should pursue new rulemaking grounded within the Commodity Exchange Act to present readability for prediction market operators. Commodity Futures Trading Commission Chairman Michael S. Selig has formally withdrawn a 2024 discover of proposed rulemaking that will have banned political, sports…
Ethereum co-founder Vitalik Buterin has defended prediction markets in opposition to critics who view betting on real-world occasions as morally questionable, arguing that these platforms supply superior truth-seeking mechanisms to social media whereas addressing considerations about their potential to incentivize hurt. Writing on Farcaster, Buterin acknowledged prediction markets may theoretically create incentives for dangerous actions…
Robinhood Markets is increasing its sports activities occasion contracts to incorporate extra sports activities wagering capabilities. The platform lets customers wager on exact soccer stats, together with the variety of touchdowns a participant could make, receiving and speeding yards for a participant. The on-line brokerage unveiled a listing of updates to its sports-focused prediction markets…
Robinhood Markets and Susquehanna Group have agreed to purchase 90% of regulated alternate LedgerX from Miami International Holdings, in a deal that pushes the US retail buying and selling big deeper into event-driven crypto markets as curiosity in prediction platforms accelerates. The companions plan to run LedgerX as an impartial alternate by means of a…