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The Ministry of Finance of the Democratic Republic of Congo (DRC) has reaffirmed it holds sole authority to oversee the nation’s gambling sector.
In a press release dated 27 August, the DRC’s Ministry of Finance reminded gambling operators that Ordinance No. 25/293 formally transferred responsibility for regulating the sector from the Ministry of Sports and Leisure to its own remit.
In the Ministry of Finance’s view, this ended “any institutional ambiguity” over who should oversee the DRC’s gambling industry.
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If Bernstein’s $10 trillion prediction market turnover forecast is realized or exceeded, it’d likely prove significant in revenue terms because the research firm previously estimated that $1 trillion in yearly activity could generate as much as $10.8 billion in revenue for operators.
As has been widely documented, sports event contracts are currently the lifeblood of the prediction market industry, but Bernstein notes that won’t be the case on a permanent basis. In fact, the research firm estimates that sports derivatives’ share of industry volume will decline to 35% in 2035, indicating that the aforementioned volume increase will be led by other categories.
The research firm estimates that by 2035, financial derivatives, including event contracts linked to commodities, cryptocurrencies and stocks, will account for 49% of turnover on yes/no exchanges, topping sports to become the largest volume driver. The research firm sees event contracts tied to key performance indicators (KPIs) leading the charge.
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Bitcoin SV Academy – Bitcoin SV Training – The Bitcoin SV Academy is a new site that is offering training on Bitcoin SV. The first course covers Bitcoin Theory.
The next couple of courses will cover Bitcoin Development and Bitcoin Infrastructure. The courses are like Udemy or Lynda with written material, educational videos and tests that require a pass before you can move on to the next section.
Bitcoin Association – Bitcoin Industry Organization – The Bitcoin Association is a non-profit group that supports businesses, developers, transaction processors and others working with the technology. The group offers education to business, organizes the Bitcoin SV technical standards committee and offers out of the box solutions for people and companies looking to build solutions with Bitcoin.
BuyBSV.com – An easy way to purchase Bitcoin SV – As the name suggests, BuyBSV.com offers people an easy way to purchase Bitcoin SV without needing to go through a large exchange. It’s available in most major countries around the world.
