What potential regulatory considerations should developers keep in mind during prediction market development?

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Jenniferlewiss2/2/244:19 AM0 replies

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What potential regulatory considerations should developers keep in mind during prediction market development?

Jenniferlewiss2/2/244:19 AM0 replies

Jenniferlewiss

Developers must consider local and international regulations governing gambling and financial markets.
Compliance with anti-money laundering (AML) and know your customer (KYC) regulations is crucial.
Understand the legal status of prediction markets and whether they fall under securities laws.
Regularly monitor and adapt to evolving regulatory frameworks in the cryptocurrency and blockchain space.
Collaborate with legal experts to ensure prediction markets align with regional and global compliance standards.

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