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BTC $79,089.00 -2.80%
ETH $2,220.76 -3.25%
BNB $673.41 -1.04%
XRP $1.44 -4.49%
SOL $89.27 -3.67%
TRX $0.3514 -0.82%
DOGE $0.1129 -2.38%
ADA $0.2607 -4.41%
BCH $425.10 -2.79%
LINK $10.02 -5.19%
HYPE $44.10 -0.24%
AAVE $92.66 -7.13%
SUI $1.09 -8.63%
XLM $0.1543 -6.14%
ZEC $516.78 -5.52%

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Gate's prediction market has completed multiple functional upgrades, with simultaneous expansion of search, classification, and sports derivative gameplay

The digital asset trading platform Gate has announced the completion of a new round of feature upgrades for its prediction market, optimizing multiple modules such as the search system, leaderboard, event classification, and sports gameplay around hot topic discovery, strategy trading, and user interaction efficiency.In this upgrade, Gate has added intelligent search and a "Live & Hot" section, supporting fuzzy keyword matching, hot event recommendations, and real-time hot topic aggregation, helping users discover trading opportunities more efficiently. The platform has also launched a secondary classification system and a "Breaking News" section, covering hot content such as major news, sports events, and cryptocurrency market fluctuations. In the sports prediction market, Gate has introduced derivative gameplay such as point spreads and totals, and optimized the interaction for quick ordering and score selection, further enhancing the trading experience. Additionally, the platform has officially launched a prediction market leaderboard, covering multiple dimensions such as profit and loss, trading volume, and highest profit, strengthening strategy discovery and trading social attributes.Currently, Gate's prediction market has deeply integrated with the Polymarket ecosystem, allowing users to directly access the Polymarket page through the Alpha section on the Gate App homepage and participate in event predictions using USDT in their accounts, further lowering the participation threshold and operational complexity. With a convenient entry point and continuously growing user activity, Gate's performance in the Polymarket partnership channel remains leading, currently ranking in the top three.

The Japanese government cabinet has approved a bill to classify cryptocurrencies as financial products

The Japanese government has passed an amendment to the Financial Instruments and Exchange Act at a cabinet meeting. This amendment regulates cryptocurrency assets (virtual currencies) as financial instruments for the first time and prohibits insider trading and other activities based on undisclosed information. At the same time, it requires cryptocurrency issuers to disclose information annually to improve the healthy market environment. If this bill is passed in the current Diet session, it is expected to be implemented as early as the 2027 fiscal year.Previously, the Financial Services Agency of Japan primarily regulated cryptocurrencies based on their positioning as "means of payment" under the Funds Settlement Act. However, in recent years, the use of cryptocurrencies as investment tools has been increasing, leading to their inclusion in the regulatory framework of the Financial Instruments and Exchange Act. Additionally, the name of registered institutions will change from "cryptocurrency asset exchange operators" to "cryptocurrency asset trading operators."At the same time, the penalties will also be strengthened: for unregistered institutions engaged in sales, the maximum prison sentence will increase from 3 years to 10 years, and the fines will rise from the current maximum of 3 million yen to a maximum of 10 million yen. By increasing penalties, the stance on protecting investors will be further reinforced.
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