Gate Cryptocurrency News and Market Analysis

The U.S. National Football League (NFL) requires prediction market platforms to stop offering contracts that are susceptible to manipulation, and emphasizes that the relevant contracts lack randomness, which could constitute insider trading. The chairman of the CFTC said he will respect the views of each league and that the regulatory landscape may change. In addition, the NFL and MLB have taken different strategies—one confrontational and the other cooperative—when facing prediction markets, reflecting different ways professional sports organizations think about regulation.

The U.S. Department of Labor proposes new regulations, aiming to make it easier for 401(k) retirement plans to include alternative assets such as cryptocurrencies to reflect the modern investment landscape. Supporters believe this move can increase portfolio diversification, while opponents worry it could harm wage earners. The rules are still in the public comment phase and the final form has not yet been determined.

Bitcoin rebounded to above $67,000 on March 31, mainly driven by signals from U.S.-Iran diplomacy and the Federal Reserve’s decision to keep interest rates unchanged. Market sentiment temporarily improved, but Iran’s Ministry of Foreign Affairs said that the lack of direct negotiations could limit the rebound. The potential impact of the Strait of Hormuz toll bill on supply chains is pushing up oil prices and putting pressure on the market; it’s important to closely monitor future price movements.