Latest Crypto, Blockchain, Bitcoin & Ethereum News | QuirkyBlock
No Result
View All Result
Tuesday, August 5, 2025
  • Home
  • Bitcoin Buzz
  • Ethereum Express
  • DeFi Digest
  • Altcoins Galaxy
  • CryptoPlexus
    • NFT Newsstand
    • Layer-2 Lounge
    • Metaverse Matrix
    • GameFi Guild
    • Exchange Terminal
    • DAOs Ville
    • Regulation Rundown
    • Crypto Rekts
  • Airdrop
Subscribe
Latest Crypto, Blockchain, Bitcoin & Ethereum News | QuirkyBlock
  • Home
  • Bitcoin Buzz
  • Ethereum Express
  • DeFi Digest
  • Altcoins Galaxy
  • CryptoPlexus
    • NFT Newsstand
    • Layer-2 Lounge
    • Metaverse Matrix
    • GameFi Guild
    • Exchange Terminal
    • DAOs Ville
    • Regulation Rundown
    • Crypto Rekts
  • Airdrop
No Result
View All Result
Latest Crypto, Blockchain, Bitcoin & Ethereum News | QuirkyBlock
No Result
View All Result
Home Regulation Rundown

Taiwan Authorities Investigate Crypto Betting on Election Outcomes

by Quirky Block
16 December 2023
in Regulation Rundown
0
10
SHARES
201
VIEWS
Share on FacebookShare on Twitter

According to a report, officials in Taiwan have launched an inquiry into crypto betting on election results. It was discovered that several Taiwanese residents were using the decentralized betting platform Polymarket, which gained popularity for its record-breaking trading volumes during the 2020 United States election. The Taiwan Financial Supervisory Commission has initiated the inquiry to determine whether any regulations were violated and if any illegal activities, such as money laundering or terrorist financing, took place. The involvement of cryptocurrencies in election betting has raised concerns about the potential for market manipulation and the need for stricter regulations.

Polymarket allows individuals to bet on a wide range of topics, including politics and current events. This platform uses smart contracts and blockchain technology to ensure transparency and fairness in the betting process. However, the use of cryptocurrencies in such activities can be controversial due to their decentralized and anonymous nature.

The inquiry by Taiwanese authorities highlights the growing interest and involvement of individuals in betting and trading on political events using cryptocurrencies. While these activities can provide a unique opportunity for individuals to express their opinions and potentially profit from their predictions, they also raise important questions about regulation and oversight. As cryptocurrencies continue to gain mainstream attention and adoption, it is crucial for governments and regulatory bodies to establish clear guidelines and frameworks to prevent potential abuses and protect the integrity of democratic processes.

  • Trending
  • Comments
  • Latest
Phishing Frenzy: FTX Users Targeted After SIM Swap Attack.

Phishing Frenzy: FTX Users Targeted After SIM Swap Attack.

29 August 2023
CoinShares CEO’s Bold Claim: “We’ve Got the Edge Over Giants Like BlackRock”.

CoinShares CEO’s Bold Claim: “We’ve Got the Edge Over Giants Like BlackRock”.

26 August 2023
Pig Butcher Scam Strikes Again: M in Crypto Gone Despite Clear Warnings.

Pig Butcher Scam Strikes Again: $10M in Crypto Gone Despite Clear Warnings.

29 August 2023
Prime Trust’s M Misstep: Terra Stablecoin Investment Goes South.

Prime Trust’s $8M Misstep: Terra Stablecoin Investment Goes South.

25 August 2023
Coinbase CEO Brian Armstrong to Meet House Democrats: A Pivotal Moment for Crypto Legislation

Coinbase CEO Brian Armstrong to Meet House Democrats: A Pivotal Moment for Crypto Legislation

1
XRP Ruling: A Major Win for Crypto Over the SEC, Says Synthetix Founder

XRP Ruling: A Major Win for Crypto Over the SEC, Says Synthetix Founder

1
Submit a Guest Post on Crypto, Blockchain, or AI for Maximum Exposure

Submit a Guest Post on Crypto, Blockchain, or AI for Maximum Exposure

1
Avail Bridges the Gap: A New Era of Data Attestation on Ethereum Begins!

Avail Bridges the Gap: A New Era of Data Attestation on Ethereum Begins!

0
Japan to Overhaul Crypto Regulations: Bloomberg

Japan to Overhaul Crypto Regulations: Bloomberg

2 October 2024
Ethereum’s Supply Shortage: Impact on Q4 Prices

Ethereum’s Supply Shortage: Impact on Q4 Prices

19 September 2024
The Truth About the First Rate Cut: What It Means for Your Investments

The Truth About the First Rate Cut: What It Means for Your Investments

19 September 2024
Insider Insights: Prediction Market Secures M in Pre-Seed Round with 1confirmation Leading the Way

Insider Insights: Prediction Market Secures $3M in Pre-Seed Round with 1confirmation Leading the Way

18 September 2024

Recent News

Japan to Overhaul Crypto Regulations: Bloomberg

Japan to Overhaul Crypto Regulations: Bloomberg

2 October 2024
Ethereum’s Supply Shortage: Impact on Q4 Prices

Ethereum’s Supply Shortage: Impact on Q4 Prices

19 September 2024

Categories

  • Airdrop
  • Altcoins Galaxy
  • Bitcoin Buzz
  • Crypto Ecosystem
  • Crypto Innovations
  • Crypto Rekts
  • DAOs Ville
  • DeFi Digest
  • Ethereum Express
  • Exchange Terminal
  • GameFi Guild
  • Layer-2 Lounge
  • Metaverse Matrix
  • NFT Newsstand
  • Regulation Rundown
  • Uncategorised

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
Latest Crypto, Blockchain, Bitcoin & Ethereum News | QuirkyBlock

QuirkyBlock is your zippy ride through the cryptoverse! We bring you the latest buzz in crypto with our own vibrant twist. We love diving deep into the world of Bitcoin, Ethereum, NFTs, and more and serving it up with a dollop of fun. Because who said crypto has to be all serious and stuffy? Ride the wave with us and discover a new way to digest crypto news!

Copyright © 2023 Quirky Block - Powered by Rextic Media

No Result
View All Result
  • Home
  • Bitcoin Buzz
  • Ethereum Express
  • DeFi Digest
  • Altcoins Galaxy
  • CryptoPlexus
    • NFT Newsstand
    • Layer-2 Lounge
    • Metaverse Matrix
    • GameFi Guild
    • Exchange Terminal
    • DAOs Ville
    • Regulation Rundown
    • Crypto Rekts
  • Airdrop

Copyright © 2023 Quirky Block - Powered by Rextic Media