Is Japanese Crypto Exchange Banning Prediction Markets? Bitbank Issues Warning
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Is Japanese Crypto Exchange Banning Prediction Markets? Bitbank Issues Warning
Prediction market firms argue that their products function as markets for information and risk assessment. However, many regulators have been unconvinced.
Authorities have concluded that contracts allowing users to risk money on future outcomes fall within gambling frameworks — regardless of whether blockchain technology is involved.
At the same time, the sector continues to push for a separate regulatory approach.
Supporters contend that event contracts differ from conventional sports betting because they can serve forecasting and hedging purposes.
This article has been published in ccn.com via Yahoo News.
Is Japanese Crypto Exchange Banning Prediction Markets? Bitbank Issues Warning
Bitbank warns users over prediction market activity Warning comes as Japan attracts industry interest. Global regulators are tightening scrutiny. Japanese crypto exchange Bitbank has warned ...
finance.yahoo.com
