đąăNew trends in blockchain regulation: election prediction markets attract attentionăđą
New York Congressman Ritchie Torres recently said that US regulators should not ban election prediction markets, but should strengthen supervision. This view was elaborated in his letter to Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC). Torres suggested that the CFTC work with regulated registrants to develop plans to regulate these markets to prevent bad actors from gaining market share and protect consumers from the risks of illegal markets.
If this move can be implemented, it will help improve the fairness of elections and also provide new possibilities for the application of blockchain technology in election prediction markets. Although the overall market attitude is neutral, Bitcoin is still a bright spot for our optimism, and we look forward to it continuing to shine in the future! đ
