Prediction markets, DATs, the fee switch, and Project Crypto

Jeff Yass advocates for prediction markets as a means to improve decision-making and potentially reduce conflicts, citing their ability to provide more accurate projections about events such as wars. He believes that if people understood the true costs of conflict, they would be less likely to support them. This concept of prediction markets finds momentum in their ability to trend similarly to stock markets. Meanwhile, Cohen & Co. reported significant earnings from a DAT merger despite a huge drop in share prices and a minimal market cap. Uniswap Labs proposed a fee collection structure that could change its perceived nature from a protocol to more of a company, thus raising questions about the future classification of tokens under regulatory scrutiny. SEC Chair Paul Atkins emphasized that tokens could be securities if they represent profit claims and warned against misleading practices while recognizing the real-world implications of these discussions.

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