Bitcoin Market Integrity Questioned While Revolut Secures UAE Crypto Approval
Bitcoin Market Integrity Questioned While Revolut Secures UAE Crypto Approval
A recent Stanford study has raised concerns about potential settlement manipulation in Bitcoin prediction markets, highlighting vulnerabilities that could impact market integrity. Concurrently, the fintech firm Revolut has received in-principle approval from UAE authorities to offer comprehensive crypto services, signaling further regulatory embrace and adoption in the region.
Researchers found that Polymarket’s five-minute Bitcoin prediction markets create incentives to manipulate spot prices around contract settlement, proposing longer settlement windows as a potential fix.
Dubai’s Virtual Assets Regulatory Authority approved the London-headquartered fintech company Revolut for broker-dealer, management and investment, and exchange services in the UAE.