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Trump Says He Would Rather Not Have to Use Tariffs on China

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President Donald Trump told Fox News’s Sean Hannity that he would rather not use tariffs against China, adding that this gives the US “tremendous power” in striking a deal with Beijing. Trump also called Chinese leader Xi Jinping “like my friend.” Bloomberg’s Bill Faries speaks to David Ingles and Stephen Engle on how this highlights uncertainty over the White House’s next steps. (Source: Bloomberg)

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Mcoin’s Meteoric Rise Shakes Up the Digital Asset Sector

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Mcoin’s Meteoric Rise Shakes Up the Digital Asset Sector

Within the realm of digital assets, mCoin has swiftly ascended to prominence, positioning itself as a notable contender through the strategic utilization of Blockchain technology.

The substantial market cap and daily trading volume underscore mCoin’s growing influence in the industry, sparking curiosity and drawing attention from seasoned investors and newcomers alike.

As we explore the factors propelling mCoin’s meteoric rise, a deeper examination of its trajectory and potential gains insight into the intricacies of navigating the ever-evolving landscape of cryptocurrencies.

Unveiling the underlying dynamics behind mCoin’s surge invites a closer look at the implications for both short-term and long-term market behavior, shedding light on the intricate tapestry of opportunities and challenges that define its journey in the digital asset space.

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Digital Asset Market Trends

In the ever-evolving landscape of digital assets, market trends play a pivotal role in shaping investment strategies and decisions. Monitoring these trends provides investors with valuable insights into the potential growth or decline of specific assets, enabling them to make informed choices.

Understanding market dynamics, such as price fluctuations, trading volumes, and investor sentiment, is essential for staying ahead in the highly competitive digital asset industry.

By analyzing historical data and current market conditions, investors can identify opportunities for profit and mitigate risks effectively.

Mcoin’s Blockchain Technology Advancements

Monitoring digital asset market trends is essential for making informed investment decisions. Therefore, examining Mcoin’s Blockchain Technology Advancements sheds light on its innovative strides in this dynamic industry.

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Mcoin has made significant advancements in its blockchain technology, enhancing security, scalability, and efficiency.

One notable development is the implementation of smart contracts, enabling automated and secure transactions without third-party interference.

Additionally, Mcoin has focused on improving interoperability with other blockchain networks, fostering seamless integration and enhancing user experience.

These technological upgrades not only showcase Mcoin’s commitment to innovation but also position it as a competitive player in the digital asset space. Investors looking to capitalize on the potential of blockchain technology should closely monitor Mcoin’s advancements as they continue to shape the future of the industry.

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Growth Factors Driving Mcoin’s Success

Mcoin’s exponential growth in the digital asset industry can be attributed to its strategic partnerships and innovative technological advancements.

By forming collaborations with key players in the industry, Mcoin has been able to expand its reach and increase adoption among users. These partnerships have not only enhanced Mcoin’s credibility but have also opened up new opportunities for growth and development.

Additionally, Mcoin’s commitment to staying at the forefront of technological advancements has allowed it to offer cutting-edge solutions that cater to the evolving needs of its users.

This dedication to innovation has positioned Mcoin as a leader in the digital asset space, driving its success and solidifying its reputation as a forward-thinking and reliable platform.

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Analyzing Mcoin Price Predictions

Amidst the dynamic landscape of the digital asset sector, the trajectory of mCoin’s price predictions unfolds as a focal point for strategic analysis and informed decision-making.

Short-term forecasts for mCoin suggest fluctuations between $0.38 and $0.80 from September to January while as of time of writing priced at $0.60.

Looking further ahead, long-term projections paint a picture of growth, with estimates reaching $12.24 by the end of 2024, $21.02 by 2025, and soaring to $54.71 by 2030. Despite fluctuations, the consensus indicates a positive outlook for mCoin’s value over time.

Investors considering mCoin should weigh these predictions against their investment goals and risk tolerance to make well-informed decisions in this evolving digital asset landscape.

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Strategic Investment Insights for Mcoin

In the dynamic realm of digital asset investments, the strategic analysis of mCoin’s price predictions serves as a cornerstone for informed decision-making, particularly when considering long-term growth potential.

Assessing mCoin’s market cap of $107,963,421 and 24-hour trading volume of $2,856,936 provides insights into its current standing in the digital asset landscape.

Understanding these forecasts can aid investors in formulating strategic investment plans aligned with their financial objectives and risk tolerance levels.

Conclusion

In conclusion, mCoin’s rapid ascent in the digital asset industry can be attributed to its innovative use of Blockchain technology, market trends favoring digital assets, and strategic growth factors.

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By analyzing price predictions and understanding the potential for long-term growth, investors can make informed decisions about mCoin as a strategic investment opportunity.

As mCoin continues to evolve and adapt within the digital asset landscape, its trajectory and value fluctuations will be closely monitored by industry observers.

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Apple finally admits next-gen CarPlay isn’t coming in 2024

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Apple finally admits next-gen CarPlay isn’t coming in 2024

Apple first announced the “next generation of CarPlay” back in 2022, but updates about its arrival have been sporadic. Porsche and Aston Martin haven’t provided any launch dates despite saying their cars would be the first to get the new CarPlay. Some automakers like Ford and Mercedes were slow to confirm support, while others like General Motors and Rivian have snubbed CarPlay entirely in favor of having more control over their vehicles.

Despite not posting a revised date, there are indications that Apple will launch it eventually. There are references to next-generation ‌CarPlay‌ in the iOS 18.3 beta released last month, for example, and Apple has recently filed new images of it in an EU database. Apple also told 9to5Mac that it’s working closely with several automakers that will implement the new CarPlay experience.

“Each car brand will share more details as they near the announcements of their models that will support the next generation of CarPlay,” Apple told the outlet.

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Where to Buy Spot Bitcoin ETFs in 2025

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Legal challenges against DOGE and Elon Musk regarding FACA violations

What Are Spot Bitcoin ETFs?

Spot Bitcoin ETFs invest directly in Bitcoin as the underlying asset. Unlike Bitcoin futures ETFs, which rely on price derivatives, spot ETFs hold actual Bitcoin in custody. This makes them a straightforward way to gain exposure to Bitcoin’s price movements.

Where to Buy Spot Bitcoin ETFs

Spot Bitcoin ETFs are accessible on various online brokerage platforms, robo-advisors, and even retirement accounts like IRAs and solo 401(k)s. Here’s a comparison of popular platforms:

Platform

Account Minimum

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Available Assets

Fidelity

$0

Coins, ETFs

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Robinhood

$0

Coins, ETFs

Charles Schwab

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$0

ETFs

E*TRADE

$0

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ETFs

Interactive Brokers

$0

Coins, ETFs

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eToro

$50 ($200 for CopyTrader)

Coins, ETFs

tastytrade

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$0

Coins, ETFs

Lightspeed

$10,000 (web/mobile)

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Coins, ETFs

Steps to Start Investing

Investing in spot Bitcoin ETFs involves a few simple steps:

  1. Open a Brokerage Account
    Choose a platform that offers spot Bitcoin ETFs and sign up. Most accounts can be created online in under 30 minutes.
  2. Fund Your Account
    Transfer money from your bank or another brokerage account. Ensure you have enough to cover ETF costs and any fees.
  3. Research ETFs
    Review available ETFs. Look for those with high trading volumes, lower management fees, and reputable issuers.
  4. Select Your ETF
    Compare fees and align your choice with your investment goals. Most platforms offer a few options.
  5. Place an Order
    Use a market order for immediate purchase or a limit order to buy at a specific price.
  6. Monitor Investments
    Regularly check your ETF’s performance and stay updated on Bitcoin-related news.

Benefits of Spot Bitcoin ETFs

Spot Bitcoin ETFs offer several advantages:

  • Ease of Use: Trade these ETFs on traditional platforms like NYSE and Nasdaq. No need for crypto wallets.
  • Liquidity: Spot Bitcoin ETFs bring more liquidity to the market, making trading smoother.
  • Regulated Environment: Unlike direct crypto investments, these ETFs are subject to stricter regulatory oversight.
  • Tax Efficiency: ETFs might offer better tax treatment compared to directly holding Bitcoin.

Risks of Spot Bitcoin ETFs

Investing in spot Bitcoin ETFs carries certain risks, including:

  • Volatility: The cryptocurrency market is highly volatile, and ETFs reflect these price swings.
  • Regulatory Changes: Governments may alter regulations, affecting ETF availability or profitability.
  • Counterparty Risk: The Bitcoin held by ETFs is managed by third parties, posing security concerns.

Fees to Consider

Management fees can significantly impact returns. While some ETFs, like the VanEck Bitcoin ETF, temporarily waive fees, others charge as high as 1.50%. Aim for ETFs with fees ranging from 0.20% to 0.50%.

Alternatives to Spot Bitcoin ETFs

If you’re unsure about investing in these ETFs, consider these alternatives:

  1. Buy Bitcoin Directly: Own Bitcoin through exchanges or wallets for more control, though it requires technical knowledge.
  2. Invest in Crypto Company Stocks: Companies like Coinbase or MicroStrategy offer indirect exposure to Bitcoin.
  3. Legacy ETFs: Established ETFs like Grayscale Bitcoin Trust provide a longer track record of performance.

Pros and Cons Summary

Pros

Cons

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Easy to trade on traditional platforms

High market volatility

Regulated and safer than crypto exchanges

Regulatory uncertainty

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Can be included in retirement accounts

Counterparty risks (e.g., hacking)

Tax benefits over direct Bitcoin ownership

Limited direct control over Bitcoin

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Should You Invest?

Spot Bitcoin ETFs simplify Bitcoin investing. If you want exposure to cryptocurrency without the hassle of direct ownership, they’re worth considering. However, assess your risk tolerance and stay informed about market and regulatory changes.

By exploring platforms, monitoring fees, and understanding risks, you can make informed decisions in this growing market.

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UK businesses cut jobs at ‘fastest pace since 2009’ bar the pandemic

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UK businesses are cutting jobs at the fastest pace since the financial crisis, excluding the pandemic, as rising costs reignited stagflation fears in the British economy at the start of the year, according to a closely watched survey.

The S&P Global flash purchasing managers’ survey on Friday indicated that the rate of job losses in January and December was the highest since the global financial crisis in 2009, outside of the onset of Covid-19 in 2020.

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The survey also indicated that cost burdens on business rose at the fastest pace in more than a year and a half. Many businesses passed on higher costs to consumers resulting in the fastest increase in average price charged since July 2023.

Chris Williamson, economist at S&P Global Market Intelligence, said the survey’s results “add to the gloom about the UK economy, with companies cutting employment amid falling sales and concerns about business prospects”.

He warned that inflationary pressures had “reignited, pointing to a stagflationary environment which poses a growing policy quandary for the Bank of England”.

Lower employment was attributed to hiring freezes and the non-replacement of voluntary leavers in the wake of rising payroll costs, according to the survey.

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Many businesses suggested the Labour government’s decision to raise employers’ national insurance, which takes effect in April, had resulted in cutbacks to recruitment plans, while others cited the impact of a post-Budget slump in business confidence.

Line chart of Purchasing managers’ index; above 50 = most businesses reporting expansion showing Growth in UK business activity ticks up in January

The headline S&P Global flash UK PMI composite output index, which tracks overall activity in the private sector, rose to a three-month high of 50.9 points in January from 50.4 in December.

Economists polled by Reuters had expected the index to fall slightly to 50 points. Any reading above the 50 mark suggests that most businesses are reporting growth in activity.

Elias Hilmer, economist at Capital Economics, said that Friday’s PMIs figures “won’t alleviate the Bank of England’s concerns about the weakness of activity, but the further strengthening in price pressures suggest it will cut rates only gradually thereafter.”

Aligned with markets, he expects the Bank of England to cut rates by a quarter point to 4.5 per cent in February. 

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The UK economy registered no growth in the three months to September, marking a sharp slowdown from the 0.4 per cent in the previous quarter. The BoE expects no growth also in the final quarter of 2024. 

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Android 16’s first beta version brings iOS-style live notifications

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Android Pride MWC 2024 Google

After releasing two developer beta versions last year, Google introduced the first public beta for Android 16 on Thursday. New features include live updates on the lock screen (like Live Activities on iOS), Advanced Professional Video (APV) codec for high-quality video recording, and a framework for developers to make their apps adaptable for different screen sizes and aspect ratios.

For consumers, support for live updates will be the most visible change. Apple introduced Live Activities to show ever-changing updates such as delivery status, workouts, or sports scores with iOS 16 in 2022. Android is now adopting that format to let developers push real-time updates natively with Android 16.

Google is also adding frameworks and tools to make apps more responsive when it comes to design. The company is phasing out size restriction controls for developers, so their apps can look and work better on large screens such as tablets and foldable devices.

Android 16 also gets a new Advanced Professional Video (APV) codec for high-quality video recording and post-processing. The company said that this codec will help creators with faster editing capabilities and features like multi-view video and auxiliary video. This is possibly a direct answer to Apple’s ProRes and ProRes Raw formats.

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With APV, the company says that users can expect a “perceptually” lossless quality, which is closer to raw footage. Plus, the codec will support a high bitrate range of footage for up to a few gigabits per second for 2K, 4K, and 8K.

Google is also adding a way for apps to know if the camera within their app should switch to night mode for better-quality low-light pictures. The company worked with Instagram to bring this feature to users of select devices last year.

Android 16 will also bring improvements on the accessibility front, with a new required field indicator in the APIs. Thanks to this new feature, apps can tell the user that a specific field is mandatory. Google said this could also be useful for situations where users need to check the terms and conditions box.

Image Credits:Google (screenshot)

Google took a different approach with Android 16 by releasing the first developer preview in November instead of Q1 2025. The company wanted to accelerate the update cycle of the Android release by shipping the final version in Q2 rather than Q3 and shipping a minor update later in the year. This is Google’s effort to ensure that device makers have enough time to issue updates and reduce the fragmentation of software versions across different devices.

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Analysts says Bitcoin’s support level is at $97K; ATH soon?

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Analysts says Bitcoin's support level is at $97K; ATH soon?

Ali, a crypto analyst, points to Bitcoin’s potential support level at $97,530 as key in sustaining the current bullish momentum. The main support level to be monitored for Bitcoin is $97,530. Staying over this level is critical to keeping the current bullish momentum afloat, believes Ali.

Bitcoin (BTC) has been trading in a tight range since hitting a new all-time high (ATH) of $109K on Jan. 20, 2025, and is now quoted at $105,128.95 as of Jan. 24. This reflects a 3.5% decline from the previous high, as per CoinMarketCap

Understanding Bitcoin’s support level 

In crypto trading, support levels are an important price point, where buying demand usually increases. Should BTC remain above this significant threshold, it may continue its trajectory upward, with investors feeling confident in this bullish decision. This level is a key litmus test of BTC’s market strength during volatility.

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As posted by analyst Ali, the UTXO Realized Price Distribution (URPD) informs traders of where Bitcoin holders purchased their BTC or last moved their BTC. It indicates the number of BTC that have last moved to wallets priced at various price levels.

A bar chart showing the UTXO Realized Price Distribution (URPD) for Bitcoin, partitioned by all-time highs (ATH). The orange bars represent the volume of Bitcoin realized at specific price ranges, with peaks highlighting significant accumulation zones.
Bitcoin UTXO Realized Price Distribution (URPD) chart, partitioned by ATH levels. This visualization highlights areas of strong on-chain activity, reflecting key accumulation and distribution zones. Data source: @ali_charts

At $97,530, the URPD chart shows a cluster of activity, which means many investors bought or are sitting on a holding of BTC around this level. Strong buying interest at this level reinforces its role as a psychological and technical support.

Bitcoin mimicking past ATH trend

The behavior around $97,530 mimics that seen in previous ATH consolidation phases for BTC. As with prior cycles, the price is stabilizing near a supportive zone with the potential for an upside. This level showed strong buyer confidence, though there are some light pullbacks. 

A candlestick chart showing the price movement of Bitcoin (BTC/USD) on a daily timeframe. The chart highlights key levels, including fair value gaps (FVG) marked in green and a resistance zone around $110,000 highlighted in yellow. The current price is $105,433 as of January 24, 2025.
Bitcoin price analysis on the daily chart. The price is approaching a resistance zone near $110,000, with several fair value gaps (FVG) identified as potential support levels. Current price: $105K. Sourced from TradingView by crypto.news

Analyzing sell-side risk of Bitcoin

The Sell-Side Risk Ratio, which measures the pressure from investors who are liquidating holdings, has declined as the amount of BTC sent to exchanges for sale has fallen. Such diminishing sell-side pressure is bolstering the current price stability of BTC. Glassnode also highlights shrinking volatility metrics, with BTC trading in an exceptionally narrow 60-day price range, which is often a precursor to significant market events.

A historical chart illustrating Bitcoin's sell-side risk ratio, overlaid with BTC price data from 2010 to 2025. The sell-side risk ratio (orange line) fluctuates significantly, indicating periods of high and low selling pressure. Key thresholds for low and high value realization are marked by red and blue lines, respectively. The BTC price (gray line) is displayed on a logarithmic scale, correlating with shifts in the sell-side risk ratio.
Bitcoin sell-side risk ratio chart, showcasing market behavior over time. The orange line highlights shifts in selling pressure, while the gray line traces BTC’s price trajectory. Red and blue thresholds indicate critical levels of market realization. Data source: Glassnode by crypto.news

Will Bitcoin sustain the bull run?

To reiterate crypto analyst Ali, the ongoing bull run will largely depend on whether BTC can maintain its key support level at $97,530. On-chain fundamental data confirms diminished sell-side pressure and consistent accumulation by long-term holders as indicators that the market is in a solid position to sustain upward movement.

If this level is maintained as support, then BTC could see a retest and a new market peak towards its former all-time high, boosting the ongoing bullish run. However, failing to hold $97,530 could introduce risks to the bull run. 

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Artyfact Set for Epic Games Store Debut with Innovative GameFi Features

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Artyfact Set for Epic Games Store Debut with Innovative GameFi Features

[PRESS RELEASE – Majuro, Marshall Islands, January 23rd, 2025]

Artyfact, a video game inspired by a cyberpunk aesthetic, is scheduled for release on the Epic Games Store on January 24, 2025. Developed using Unreal Engine 5, the game combines traditional gaming elements with GameFi functionalities, offering high-quality visuals and diverse gameplay modes such as battle royales, races, and adventure scenarios. Players can explore a dynamic digital environment designed to enable exploration, competition, and creative engagement.

Integrating NFTs and AI to Enhance Gameplay

Artyfact introduces NFTs as a supplementary feature to enhance personalization and strategy. Players can acquire NFTs such as character skins, weapons, and virtual real estate, which allow for tailored in-game experiences. Notably, 50% of the revenue from NFT sales is allocated to a player-driven prize pool, rewarding participants for their achievements.

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Artificial intelligence plays a crucial role in the game’s development, focusing on improving gameplay quality. AI technology powers adaptive NPC behavior, generates diverse content, enhances security with cheat detection, and customizes experiences based on player interactions. These AI-driven enhancements are designed to provide an engaging, continually evolving experience for players.

$ARTY Token: Supporting the In-Game Economy

The $ARTY token underpins Artyfact’s economic framework, functioning as a utility token within the game’s ecosystem. With a reported market capitalization of $18 million and a fully diluted valuation of $21 million, $ARTY facilitates transactions for in-game assets, serves as a reward for player achievements, and supports governance decisions via the Artyfact DAO. Additionally, staking and token-burning mechanisms contribute to the ecosystem’s sustainability.

Fostering a Player-Centric Community

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Artyfact emphasizes community engagement through platforms such as X, Discord, and Telegram, where players can contribute feedback and ideas. This collaborative approach to development aims to ensure the game remains relevant and aligned with the interests of its user base.

The game’s roadmap includes regular content updates, community-driven events, and further integration of its economic model. The goal is to create a sustainable ecosystem where digital ownership, player influence, and immersive gameplay converge.

About Artyfact

Artyfact is a blockchain-powered video game that merges traditional gameplay with innovative GameFi features. Built using Unreal Engine 5, Artyfact provides players with a cyberpunk-inspired world to explore, compete, and create. The game integrates NFTs and AI technologies to enhance player experiences while fostering a community-driven ecosystem. With a focus on sustainability and player engagement, Artyfact aims to redefine the intersection of gaming and digital ownership.

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Learn More About Artyfact

To explore the features of Artyfact and its approach to gaming innovation, users can visit the official website or follow its social channels:

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BofA Strategists See Better Stock Breadth as Fed Rates Diverge

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Stock gains could become more broad-based as global central banks cut interest rates faster than the Federal Reserve, helping growth to pick up, according to Bank of America Corp. strategists.

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Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?

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Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has plummeted recently. Here’s what this could mean for BTC’s price.

Bitcoin NVT Golden Cross Has Plunged Into Bottom Zone Recently

As explained by an analyst in a CryptoQuant Quicktake post, the BTC NVT Golden Cross has declined to the lowest level in two months recently. The “NVT Ratio” refers to an indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume.

When the value of this metric is high, it means the value of the network (that is, the market cap) is high compared to its ability to transact coins (the transaction volume). Such a trend implies the asset may be overvalued.

On the other hand, the indicator being low suggests the cryptocurrency could be due to a bullish rebound as its volume is high compared to its market cap.

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In the context of the current topic, the normal version of the NVT Ratio isn’t of interest, but rather a modified form known as the NVT Golden Cross. This metric compares the short-term trend of the NVT Ratio with its long-term one to determine whether its value is near a top or bottom.

The NVT Golden Cross uses the 10-day moving average (MA) of the NVT Ratio to track short-term trends and the 30-day MA for long-term ones.

Now, here is a chart that shows the trend in the Bitcoin NVT Golden Cross over the last couple of months:

Bitcoin NVT Golden Cross

In the graph, the quant has highlighted two zones that have historically proven to be relevant to the Bitcoin NVT Golden Cross. The red zone, situated above a value of 2.2, is where the indicator has been the most likely to see a reversion to the mean zero level.

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Similarly, the green zone corresponding to values under -1.6 is where bottoms in the metric have tended to form. As the color coding already implies, ventures into these zones have often meant a bullish and bearish outcome for BTC, respectively.

From the chart, it’s apparent that the NVT Golden Cross surged into the overheated territory around the time of last month’s price top. Since then, the indicator has gradually been making its way down, with its value today finding itself submerged in the undervalued region.

The current value of -2.21 is the lowest that the metric has been in around 60 days. Given the historical pattern, it’s possible that this could imply Bitcoin may be near a local bottom, if one isn’t already in.

BTC Price

Bitcoin has settled into a phase of sideways movement during the last few days as its price is still trading around the $105,200 mark.

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Bitcoin Price Chart

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Prediction Markets Don’t Have a Gambling Problem, Says Crypto Attorney

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(Sung Shin/Unsplash)

Singapore and Thailand recently moved to ban Polymarket from their respective jurisdictions, arguing that the site was just another gambling platform.

On the surface, that argument seems logical. Polymarket’s inclusion of sports prediction markets makes it seem like a competitor to licensed sportsbooks around the world.

After all, even prediction market’s harshest critics acknowledge that there’s some kind of value in an investment mechanism to hedge against events like an election, but the outcome of a sporting match just doesn’t have the same material impact as an election or war.

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But, beneath the surface, the argument that prediction markets are simply a Web3 version of gambling falls short, argues New York-based crypto attorney Aaron Brogan.

“If you are a state-licensed gambling product, then you are taking one side of the bet. You’re essentially betting against your users,” Brogan said. “You’re booking the bets…and offering certain odds to users. Whether you make money or not depends on the odds you set.”

Prediction markets like Polymarket and Kalshi, in contrast, act as neutral intermediaries that match trades without taking a side, making money via transaction fees.

“You are not taking a side of the bet as the market in that case, which fundamentally changes the incentives involved and makes the product different in a holistic way,” Brogan said, pointing out that prediction market platforms don’t ban their best users in the same way casinos boot out card counting pros as it kills the house’s mathematical edge.

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“Prediction markets aren’t gambling because they’re not structured to be,” Brogan said. “They’re tools for understanding, hedging, and creating public goods. That’s what makes them fundamentally different.”

Getting an online gambling license in the U.S. was a herculean effort, and one might wonder why the new players in the space, like Draft Kings or incumbents like MGM, which followed in opening up online sports betting operations, don’t go after prediction markets at the state level where gambling is regulated.

The key legal distinction, says Brogan, lies in the regulatory framework. In the U.S., prediction markets that are registered as Designated Contract Markets (DCMs) fall under federal regulation via the Commodity Exchange Act, which preempts state gambling laws.

“Federal law in the United States preempts state law,” Brogan explained. “The Commodity Exchange Act includes a specific provision that precludes state regulation of federally registered derivatives. If you are federally registered, the states can’t regulate you.”

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Kalshi seems to feel confident in this argument, as the prediction market platform, which actively pursued registration with the Commodities Futures and Trading Commission – and fought its initial attempts to block election-related prediction marketsrecently launched Super Bowl betting markets.

But this might not work for its competitors.

“Polymarket, for example, is not registered in the United States, so arguably, states could go to its founder and say, ‘You’ve been facilitating sports betting, which is a felony in this state,’ and bring legal action. Registered exchanges, however, don’t face this issue because of their federal status,” Brogan said.

While Polymarket and Kalshi are the two most recognizable names in the space, there are plenty of other new entrants which are following in their footsteps.

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One of which is the crypto exchange Crypto.com, which recently launched Crypto.com sports after filing self-certification as a DCM with the CFTC.

The key thing is, Brogan explained, is that if the CFTC does not take action within 24 hours after the self-certification papers are filed, then the applicant can treat that as a green light.

“If these are able to proliferate, and if the CFTC doesn’t take action, which they haven’t done yet, they’re going to end up eating these sportsbooks’ lunch. This is a $21 billion industry, and this new product is going to be way better,” he concludes.

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