Crypto Com Quietly Discloses. Crypto.com quietly discloses that customers will face a three-second delay when placing wagers on sports games, which may give an edge to certain individuals.Crypto.
.
Crypto.com has revealed in its terms and conditions that customers will face a three-second delay when wagering on the outcome of sports games, to prevent courtsiding. This delay will not apply to market makers on the exchange, giving them a potential advantage if they’re reacting in real time. This is especially likely for those who are present at a game and have an inherent time advantage over those watching on broadcast delay.
This delay echoes a similar move by fellow prediction market Kalshi, which recently filed with the Commodity Futures Trading Commission to introduce similar delays on certain wagers. However, the specifics of Kalshi’s proposal, including the length of the delay and the customers it would impact, are still unclear.
Crypto.com is one of a limited number of prediction markets that can offer regulated sports event contracts. The firm’s decision has raised questions about the level playing field for its customers, with some potentially facing a disadvantage due to the delay.
The impact of a wagering delay on prediction markets
The introduction of a wagering delay on Crypto.com could have significant implications for prediction markets. While the delay is designed to prevent markets from receiving unfair information, it may ultimately create a perception that market traders are being given preferential treatment.
This could have serious repercussions for the reputation of prediction markets, which have seen significant growth in recent months. By giving market makers an advantage over individual customers, Crypto.com risks undermining the trust and fairness that underpins the market.
Ultimately, the delay may benefit large betting firms and traders who are better equipped to react quickly to changing circumstances.
Crypto.com’s decision highlights the need for transparency and fairness in the prediction market. Customers have a right to expect that they are competing on a level playing field, and any moves that undermine this could have serious consequences for the market as a whole.
Furthermore, the delay may limit the potential for innovation and participation in prediction markets, as individual customers may opt out of using the service due to the perceived unfairness of the delay.
The future of prediction markets
The move by Crypto.com has sparked debate about the future of prediction markets. As the industry continues to grow and evolve, questions are being raised about the need for greater transparency and regulation.
Crypto.com’s decision may set a precedent for other prediction markets, potentially leading to a more fragmented and unfair market. In the short term, it may also create new opportunities for traders and market makers who are well positioned to take advantage of the delay.
However, in the long term, the impact on the reputation and integrity of prediction markets could be severe. As such, it is crucial for regulators and industry stakeholders to engage in a meaningful dialogue about the issue and work towards creating a more transparent and fair market.
Crypto.com terms and conditions provide more information on the wagering delay.
The post Crypto.com quietly discloses that customers will face three-second delay on sports wagers appeared first on ReadWrite.
