US to tighten regulations on crypto and prediction markets
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are preparing new clarifications on regulating the cryptocurrency market and prediction markets. These documents have been submitted to the White House and may determine whether crypto assets are classified as commodities or securities, as well as establish rules for platforms offering event-based betting.
Source Incrypted
At the same time, there is ongoing discussion in the U.S. about banning bets on political events. Senator Chris Murphy is drafting legislation following a scandal involving bets on a U.S. strike against Iran — analysts estimate that several bettors made roughly $1.2 million quickly.
This indicates that significant changes in the regulation of cryptocurrency markets and related platforms could be imminent, affecting both investors and platform operators.
