🚨 LEGAL LANDMINE AHEAD FOR PREDICTION MARKETS! 🚨
Prediction markets are NOT crypto's next big thing everywhere. The regulatory ceiling is crashing down, especially outside the US.
• Prediction markets aggregate societal information, creating valuable probability prices when run correctly.
• In China, operators face "organizing a casino" charges. Influencers promoting them risk being accomplices.
• The core issue: Governments see this as collective behavior involving money and prediction—a massive red flag.
Asian jurisdictions, unlike the US model of "frame and control," are opting to "cut from the root." Legal risk is sharp, not gray. Expect very few legitimate prediction markets outside the US soon. Stay alert, especially in regions tightening crypto oversight like Vietnam.
#PredictionMarket #CryptoRegulation #LegalRisk #Alpha #MarketWatch 🛑