Harvard Researchers Unveil Plan to Regulate $1 Trillion Prediction Market

$1 Trillion+ in global GDP is impacted by unregulated prediction markets, research by Harvard Law reveals. EIP-7702 proposes federal regulations on these markets to mitigate risks. Proposed regulations target liquidity provision and smart contract governance. Economists argue for oversight citing 2020 flash-crash events. Advocates claim regulation will attract more institutional capital to DeFi.