2026-01-09 11:30:13

The New York State Legislature is once again advancing a regulatory bill that plans to impose restrictions on derivatives trading of sports and political event prediction markets, while preserving bettors' rights to wager on traditional sports league outcomes. This move reflects the ongoing exploration by U.S. states to balance financial innovation with risk control. As an important component of the Web3 ecosystem, prediction markets are facing increasing regulatory scrutiny. If passed, this bill will directly impact the operational strategies of related prediction-based DeFi products in the United States.

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CompoundPersonality

· 01-12 04:21

Here we go again with this set? Putting aside sports betting, political derivatives are being targeted. The differential treatment is quite interesting. --- I've seen this move in New York many times. Basically, they want to shut down prediction markets but leave a backdoor for traditional sports betting. --- DeFi is about to be cut again. American politicians really have a problem with on-chain finance. --- Prediction markets are a necessity. By restricting them like this, users will just move off-chain or to other states. Clever move. --- Regulatory review? Nice words, but in reality, it's just a lack of understanding of Web3 and random regulation. --- Sports can be political, but not? The very premise of this bill is self-contradictory. --- If the US states keep doing this, Hong Kong and Singapore won't even be able to smile. --- A few days ago, I heard that some DeFi teams are considering migration plans. If this bill really passes, they’ll probably leave even faster.

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ReverseFOMOguy

· 01-11 20:00

Here comes again, is New York trying to strangle prediction markets to death? --- This wave of regulation is really double standard... Traditional sports betting is allowed, but on-chain derivatives are not? --- Regulatory scrutiny is becoming increasingly strict... It seems DeFi has no future in the US. --- Keeping traditional sports betting, banning on-chain predictions? What's the logic behind this? --- Prediction markets are under scrutiny, now prediction projects in the US will have to change their addresses. --- Balancing innovation and risk control again, actually it’s just not wanting retail investors to play with derivatives. --- This ban in New York State, will other states follow suit... DeFi products still have to rely overseas.

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LightningClicker

· 01-11 18:48

Regulation again? Is New York trying to push DeFi out? --- Sports betting is allowed, political prediction is banned, this logic is really unmatched. --- Damn, regulatory scrutiny is getting tougher and tougher, it seems the prediction market might have to move elsewhere. --- Maintaining traditional sports betting permissions, banning derivatives? Playing double standards here. --- If US states keep messing around like this, high-quality projects will have to move to other chains. --- It's only a matter of time before prediction markets come under scrutiny, it's been obvious for a while. --- DeFi projects need to quickly come up with backup plans, or they'll be banned before they know it. --- This wave of regulation is indeed fierce, but it also shows that the potential of prediction markets is being recognized. --- Sports betting is allowed, politics isn't. What is New York afraid of? --- Again, the US, restrictions everywhere. Living in Web3 is really tough right now.

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GmGnSleeper

· 01-11 14:10

New York is causing trouble again, the prediction market has been targeted... --- Once again citing "protecting investors" as the reason, but honestly it's just fear of losing control --- DeFi products will have to change strategies now, US regulation really is a one-size-fits-all approach --- Not allowing trading of political event derivatives? Seems hard to enforce --- Allowing sports betting but banning political derivatives, this logic is a bit confusing --- Prediction markets become popular and then get targeted, same old trick --- Directly attacking DeFi's livelihood, and still talking about innovation... --- New York State seems to want to bring everything into the traditional financial framework --- With derivative restrictions in place, the money laundering schemes will just have to move elsewhere

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ImpermanentLossFan

· 01-09 11:51

Here comes again to regulate prediction markets. Is New York planning to kill all innovation? --- DeFi gets caught in the crossfire again. These lawmakers really have an obsession with derivatives. --- Traditional sports betting is fine, but prediction market derivatives are not? Double standards at their best. --- With so many compliance reviews, are people even allowed to make money in Web3 anymore? --- Betting with confidence, but political events are banned. This logic is mind-boggling. --- New York is causing trouble again. Can the regulatory standards across US states be unified? Who can bear this kind of chaos? --- Prediction markets aren't that evil, are they? Why impose layer after layer of restrictions? --- DeFi products are trembling... a major operational strategy overhaul is inevitable. --- Balancing innovation and risk control? It's just a euphemism for trying to kill the prediction race.

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CryptoCrazyGF

· 01-09 11:43

Here we go again? New York's moves are really clever—derivatives are restricted but sports betting is allowed, a classic double standard enforcement. --- Laughing to death, DeFi prediction markets are about to be shut down again. That's how the US operates—never letting profitable things go. --- The rectification of prediction markets is basically about pushing retail investors out so institutions can play. --- Damn, it's New York causing trouble again. Sooner or later, they'll force all projects to move on-chain and become decentralized exchanges. --- I'm tired of hearing words like compliance and risk control. In the end, it's just about territorial expansion. --- Restrictions on derivatives must be a big blow to Polymarket and others... --- If sports betting can include political derivatives, why not? I really can't understand this logic. --- The US attitude is so inconsistent. I think we might as well just move everything to SEA. --- What does "balance" even mean? Clearly, as long as I regulate, everything else is just risk. --- DeFi prediction markets were supposed to be the next big thing next year, and now there's another draft... I'm overwhelmed.

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CryptoWageSlave

· 01-09 11:40

New York is back again. Is this time really going to target prediction markets? It seems like US regulators just like to move from one place to another. --- Once again, sports derivatives are banned, and political derivatives are also banned. So what’s left to play in DeFi? --- Prediction markets are being shut down, and we can only return to centralized exchanges. Truly ironic. --- Honestly, it’s still about fear of decentralization. Traditional betting is fine, but derivatives are being heavily regulated. --- If this bill passes, a large number of products will need to change their architecture... The US compliance red line changes every day. --- But that said, restricting sports and political derivatives is actually more acceptable. It’s better than a complete ban. --- If prediction markets are also going to be regulated, what in Web3 won’t be affected...

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StealthDeployer

· 01-09 11:35

Here we go again. New York's game is really getting annoying. Selectively allowing traditional sports betting but blocking DeFi predictions... Honestly, it's still fear of decentralized things.

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Ser_This_Is_A_Casino

· 01-09 11:34

Damn, once again trying to block our prediction market. Is New York aiming to monopolize all the profitable paths? --- Same old story. No problem with traditional sports betting, but DeFi predictions must be shut down? Double standards are too obvious. --- Oh, here comes the regulatory review. On-chain predictions are about to get complicated. --- Really, New York always thinking about how to restrict innovation. Instead of that, why not think about how to participate? --- If the prediction market is handled like this, it feels like the entire ecosystem will shrink. --- Wait, they keep traditional sports betting but ban DeFi derivatives? That logic is a bit absurd. --- Another state is about to act. Is the US trying to strangle Web3 to death? --- Basically, it's a power struggle. Centralized betting platforms are safe, so decentralized ones must be banned. It's hilarious. --- If this bill passes, what will happen to Uniswap's prediction feature? Will it be taken offline directly?

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GasFeeSobber