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TechFlow reported on January 9 that, according to Cointelegraph, New York state lawmakers have reintroduced a bill proposing new regulations called the "ORACLE Act," aimed at strictly regulating prediction markets. The bill would ban betting on individual athletic performances, political outcomes, death, and warfare, while still permitting wagers on overall league results.
According to Cointelegraph, New York state lawmakers have reintroduced legislation proposing new regulations known as the ORACLE Act, aimed at strictly regulating prediction markets. The bill would ban betting on individual sporting events, political outcomes, deaths, and wars, while still allowing wagers on overall league results.
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