Australia Casts Doubt on Retail Prediction Markets, Calls Them Bets
Australia’s corporate regulator cast doubt on the notion that prediction markets for retail clients are in the public interest, arguing the contracts have “all the features of a bet.” The statement stops short of a formal ban and came a day after ASIC Chair Sarah Court told senators that no prediction market operator has applied […]
Key Takeaways
- Australia’s corporate regulator cast doubt on the notion that prediction markets for retail clients are in the public interest, arguing the contracts have “all the features of a bet.” The statement stops short of a formal ban and came a day after ASIC Chair Sarah Court told senators that no prediction market operator has applied […]
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Blockchain Revenues Plunge 30%, but a New Growth Engine Emerges
Global blockchain revenues are projected to decline year over year to $100 billion in 2026, down from approximately $140 billion in 2025. Despite the downturn, the DeFi and finance sector remains the dominant revenue generator, accounting for roughly…
7 Banks Change Their Coinbase Stock Price Targets After Q3 Earnings
Seven Wall Street firms cut Coinbase price targets after Q4 trading revenue hit just $165 million through October 25. The post 7 Banks Change Their Coinbase Stock Price Targets After Q3 Earnings appeared first on BeInCrypto.
Binance Prepares to Resume Withdrawals, Unveils $6.3B Hack Recovery Plan
Binance is preparing to restore withdrawals in phases after its $6.3 billion hack, with reopening dependent on security checks. The exchange committed company funds to replace stolen assets while investigators expanded their review of the breach. Withdrawals…