The chair of the Australian Securities and Investments Commission told Parliament that they haven’t received a single application for a prediction market licence so far, and that any applicants would face intense scrutiny. She also directly compared prediction markets to binary options, which are banned in Australia.
Binance just listed PREDICT, a prediction market on the BNB Chain, on its spot market yesterday, and now regulators are pouring cold water on it.
Prediction markets are definitely booming, but in the eyes of many countries, they’re no different from gambling. How far this sector can go depends on how much leeway regulators give it in different places.
The impact on BNB isn’t direct. It’s still being weighed down more by the hack. It plunged to a low of 683 and has now recovered to 706u. Withdrawals are said to resume in the next couple of days. I think the worst is over. If it retests around 690 and holds, it could be worth considering an entry. It won’t have truly recovered until it gets back above 740.#ASIC尚未收到预测市场申请 $BNB
Binance just listed PREDICT, a prediction market on the BNB Chain, on its spot market yesterday, and now regulators are pouring cold water on it.
Prediction markets are definitely booming, but in the eyes of many countries, they’re no different from gambling. How far this sector can go depends on how much leeway regulators give it in different places.
The impact on BNB isn’t direct. It’s still being weighed down more by the hack. It plunged to a low of 683 and has now recovered to 706u. Withdrawals are said to resume in the next couple of days. I think the worst is over. If it retests around 690 and holds, it could be worth considering an entry. It won’t have truly recovered until it gets back above 740.#ASIC尚未收到预测市场申请 $BNB
