During a Senate Banking Committee hearing, a prediction market developer's response to lawmakers caught attention: 'Senator, a game is a game.' The statement reflects ongoing tension between regulators and the crypto industry over how prediction markets should be classified and regulated. As these platforms gain traction for their speculative trading features, policymakers are increasingly scrutinizing whether they should fall under gambling regulations or be treated as financial instruments. The developer's casual yet pointed remark underscores the fundamental disagreement about the nature of such platforms—highlighting a key debate that will likely shape future regulatory frameworks for emerging Web3 applications.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
SelfCustodyIssuesvip
· 22h ago
Is the prediction market a game or a financial instrument? This guy's response was amazing, directly stumping the regulatory authorities.
View OriginalReply0
ParallelChainMaxivip
· 01-11 04:55
game is just game, the regulators are still playing word games over there
View OriginalReply0
BlockTalkvip
· 01-11 04:53
Wow, "game is a game," this guy really dares to say that, how dark must the politician's face be
View OriginalReply0
LiquidityWizardvip
· 01-11 04:52
A game is a game, haha this guy really dares to say it
View OriginalReply0
GateUser-9f682d4cvip
· 01-11 04:47
Game is just game; regulators can't change its essence by turning it into a financial instrument.
View OriginalReply0
ContractCollectorvip
· 01-11 04:46
Wow, this guy really dares to say it, directly telling the politician "game is a game," I respect that.
View OriginalReply0
ExpectationFarmervip
· 01-11 04:44
Well, there's nothing wrong with that statement. A game is a game; why play word games?
View OriginalReply0
ShitcoinArbitrageurvip
· 01-11 04:41
game is game, so winning right from the start haha
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)