Компания Robinhood разрешит делать ставки на президентские выборы

cryptonews.ruPubblicato 2024-04-29Pubblicato ultima volta 2024-10-29

Компания Robinhood объявила, что её подразделение по работе с деривативами запустило контракты на президентские выборы в США. Теперь пользователи платформы смогут делать ставки на исход президентских выборов, которые пройдут 5 ноября 2024 года.

Согласно заявлению компании, контракты будут оплачены после того, как 6 января 2025 года Конгресс США утвердит результаты выборов. Есть и ещё одно ограничение — ставки могут делать только граждане Соединённых Штатов, но не все. Например, контракты не смогут покупать работники предвыборных штабов кандидатов от Республиканской и Демократической партий.

Robinhood стремится демократизировать финансы для всех, независимо от того, кто находится у власти. И хотя мы позволяем нашим клиентам делать ставки на исход президентских выборов 2024 года, результаты и колебания рынка в реальном времени не указывают на поддержку Robinhood ни одного из кандидатов, — говорится на официальном сайте компании.

Robinhood присоединилась к рынку прогнозирования после того, как в начале октября платформа для ставок Kalshi выиграла в суде дело против Комиссии по торговле товарными фьючерсами США. Это позволило площадке и дальше предлагать американским пользователям ставки на результаты выборов.

Letture associate

The Impact of OUSD on Circle, Tether, and Paxos: Not a Simple Negative, but a More Complex Competitive Landscape

OUSD's Impact on Circle, Tether, and Paxos: A Nuanced Competitive Reshuffle The launch of OUSD, a new stablecoin initiative, has complex implications for the stablecoin market. For Circle (CRCL), the initial 15-20% stock drop reflects legitimate competitive concerns but is not a "death sentence." Circle retains deep liquidity, existing integrations, and first-mover advantages. A potential restructuring or termination of its Coinbase partnership could even double its net revenue in the short term, providing more competitive freedom. However, OUSD, backed by Stripe's engineering and product strengths, could become the default stablecoin within the Stripe ecosystem for new adopters, challenging USDC's position. OUSD does not solve the core barrier for corporate adoption: it remains a credit exposure to its issuer (likely a Bridge-related entity), which, like Circle, is not an investment-grade entity. Large banks and asset managers could still capture the most lucrative enterprise use cases. Circle must accelerate its payment/fintech product development and consider defensive M&A. For Tether, OUSD targets a different market segment. Tether will continue focusing on distribution channels not prioritized by Stripe or Circle. Its market share may decline over time, but within a significantly growing total market. Paxos faces the greatest pressure. OUSD undermines the key selling points of its USDG stablecoin, and Paxos's regulatory advantages may diminish as frameworks mature. This poses a more existential challenge, explaining Paxos's recent shift back to its brokerage-as-a-service business.

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The Impact of OUSD on Circle, Tether, and Paxos: Not a Simple Negative, but a More Complex Competitive Landscape

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OUSD's Impact on Circle, Tether, and Paxos: Not a Simple Negative, but a More Complex Competitive Reshuffle

This article analyzes the impact of the newly announced stablecoin OUSD, backed by a consortium including Stripe, on major incumbents like Circle (USDC), Tether (USDT), and Paxos (USDG). For Circle, the announcement is not a simple negative. While the initial market reaction was rational, it's not a "death sentence." Circle retains deep liquidity, existing integrations, and first-mover advantage. A potential restructuring or termination of its exclusive revenue-sharing deal with Coinbase could even near-double its net income in the short term, providing more competitive flexibility. However, within the Stripe ecosystem, OUSD, with its strong engineering and product focus, could become the default choice, displacing USDC for new integrations. Circle must accelerate its own fintech product development and consider defensive M&A. OUSD does not directly threaten Tether's core markets, which focus on different distribution channels. Tether's market share may decline over time but within a significantly growing overall market. Paxos faces the greatest pressure. OUSD undermines the primary value proposition of its USDG stablecoin, and Paxos's regulatory advantages may erode as frameworks mature, posing a more existential challenge. This explains Paxos's recent strategic pivot towards brokerage-as-a-service. A fundamental unresolved issue for enterprise adoption remains: if issued by a Bridge-related entity, OUSD, like USDC, still represents a credit exposure to a non-investment-grade issuer, unless a parent company guarantee is provided. Large banks and asset managers entering the space later could still compete for the most lucrative enterprise use cases.

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OUSD's Impact on Circle, Tether, and Paxos: Not a Simple Negative, but a More Complex Competitive Reshuffle

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