As Crypto Meets Prediction Markets, Regulators Take Notice


Stephen D. Palley is quoted by Bloomberg in an article regarding a pending confrontation between government regulators and a blockchain startup, a prediction market platform called Augur that enables users to establish bets with no central control. According to Stephen, "The notion of a decentralized prediction market is interesting, but it is a bit of a concern that one of the first applications is an assassination betting market...While only representing a small part of the overall market, the issue could raise the question of liability if a public figure was killed with people wagering on it.”