A New York legislator has brought back a proposal aimed at curbing prediction markets. The bill would impose restrictions on wagering activities—specifically targeting bets tied to individual sports contests, armed conflicts, and beyond. This move signals ongoing regulatory scrutiny over the prediction market sector, which has gained traction in the crypto and Web3 space. The framework seeks to define boundaries around what events can be wagered on, raising questions about how such regulations might shape the future landscape of decentralized betting platforms and derivative markets.
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MidnightTrader
· 17h ago
Here comes the same old suspension routine; New York politicians will play this card again.
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JustAnotherWallet
· 01-09 12:56
NGL, here we go again. The US keeps meddling with prediction markets every day. Are they afraid that ordinary people will make money?
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OnchainHolmes
· 01-09 01:58
Are they coming to regulate again? Those people in New York are really idle. Do they have to shut down the prediction market at all costs?
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MainnetDelayedAgain
· 01-09 01:57
According to the database, how long has it been since New York legislators last attempted a similar regulatory effort? Suggest including it in the Guinness World Records. Anyway, the pie chart drawn by prediction markets has been fermenting under regulatory scrutiny for a few more months, and the day it will finally be realized is still far away.
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LightningClicker
· 01-09 01:54
又来ban prediction markets?纽约这架势是真想搞死defi啊
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NeverPresent
· 01-09 01:46
Banning this and that again, is New York getting desperate? Prediction markets are now under close scrutiny.
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YieldFarmRefugee
· 01-09 01:37
Is New York trying to kill the prediction market again? Wake up, everyone. This is the final struggle of TradFi.
A New York legislator has brought back a proposal aimed at curbing prediction markets. The bill would impose restrictions on wagering activities—specifically targeting bets tied to individual sports contests, armed conflicts, and beyond. This move signals ongoing regulatory scrutiny over the prediction market sector, which has gained traction in the crypto and Web3 space. The framework seeks to define boundaries around what events can be wagered on, raising questions about how such regulations might shape the future landscape of decentralized betting platforms and derivative markets.