Regulatory Hurdles for Crypto Banking Amidst Subdued Prediction Market Performance
Regulatory Hurdles for Crypto Banking Amidst Subdued Prediction Market Performance
A recent CNBC analysis revealed that a significant majority of closed markets on Polymarket, a prediction platform, have recorded extremely low trading volumes, indicating activity concentrated in a select few marquee contracts. Concurrently, India's central bank is actively urging lawmakers to implement stringent measures, advocating for the isolation of traditional banking systems from cryptocurrencies and proposing a ban on their use for payments, though potentially making an exception for tokenized bonds.
Roughly 70% of all closed markets on Polymarket recorded under $10,000 in reported trading volume between 2021 and the end of May 2026, a CNBC analysis found. The findings land as prediction markets post surging volume, driven by the 2026 FIFA World Cup. That gap shows how a small group of marquee contracts, rather than
India's central bank urges lawmakers to isolate banks from crypto, ban payment use, and spare tokenized bonds.