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272 sats \ 3 replies \ @Undisciplined 11 Mar \ on: PREDYX is looking for funding. lightning

On that last bullet point, is there a reason you have to be US compliant? Can't you jurisdiction shop for the place that allows you to build the best product?

Anyone who's using a lightning-native prediction market will know how to find you wherever.

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163 sats \ 1 reply \ @itsTomekK 11 Mar

Exactly, Prospera is waiting for such usecase

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54 sats \ 0 replies \ @mega_dreamer OP 11 Mar

Yes Prospera is great, at the same time it's also in Honduras. Not sure if you know the crime rates in Honduras. Having lived in Mexico myself, I've seen a lot of Honduras originated things first-hand.

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56 sats \ 0 replies \ @mega_dreamer OP 11 Mar

Few reasons why we want to be US compliant is because:

  1. Compete with with Poly and Kalshi and be on even playing field.
  2. Launch iOS and Android Native apps in US App store.
  3. Advertise PREDYX via traditional media in US.
  4. Of-course acquire normies user and onboard them to bitcoin via in-app buy BTC with debit/credit card and ACH.

However it's last on our list and totally dependent on funding. What prompted the CFTC approval was this particular bill: https://www.cftc.gov/PressRoom/PressReleases/9146-25 which allows for in-kind contract for derivatives market. Prior to this bill, there was no clear guidance for bitcoin denominated prediction(derivatives) markets.

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