Fadadawawar Polymarket: An saki cigaban futures don Crypto, Mai, da Hannun Jari

Polymarket, wacce aka sani a matsayin jagorar dandalin kasuwar hasashe a duniya, tana ɗaukar wani gagarumin mataki a cikin ci gaban kamfaninta. Tare da ƙaddamar da sabon tsarin perpetual futures, kamfanin yana shiga cikin yankin da aka kafa na musayar crypto da dandamalin derivatives. Sabon shirin an yi shi ne don masu amfani na ƙasa da ƙasa kuma ya haɗa da kasuwanni guda goma daban-daban yayin ƙaddamarwa, wanda ya shafi kadarori da dama. Wannan ya haɗa da sanannun cryptocurrencies kamar Bitcoin da Ethereum, da kuma jerin sunayen hannun jari na gargajiya da kayayyaki.

Abin lura shine haɗa SPCX, kwantiragin da ke bin farashin hannun jarin SpaceX. Tun da yake SpaceX kamfani ne mai zaman kansa, wannan yana ba wa yan kasuwa dama mai wuya don yin hasashe kan ayyukan kamfanin sararin samaniya ba tare da mallakar ainihin hannun jari ba. Koyaya, dandalin ya jaddada sarai cewa cinikin waɗannan kwantiragin ba ya ba da wani haƙƙin mallaka ko haƙƙin jefa ƙuri'a a cikin kamfanonin. Su ne tsantsar kwantiragin bambanci (contracts for difference) da ke nufin motsin farashi, wanda ke ci gaba da kasancewa da alaƙa da farashin index ta hanyar biyan kuɗi na yau da kullun tsakanin masu siye da masu siyarwa.

Lambobi da gaskiya

An inganta kayan aikin fasaha a bayan sabon shirin sosai. Polymarket ta bayyana cewa ta haɓaka ikon sarrafa buƙatu zuwa 200,000 a kowace daƙiƙa, kusan sau 15 fiye da ƙarfinta na baya. Burin shine a ƙarshe a sarrafa sama da buƙatu 400,000 a kowace daƙiƙa. Wannan ya zama dole don tabbatar da daidaitaccen kisa a cikin babban canjin farashi na kayayyakin leverage. Dangane da leverage, dandalin ya sanya iyaka na 20x, kodayake takamaiman iyakoki na iya bambanta dangane da kasuwa da girman matsayi.

Kasuwanni goma na farko sun haɗa da Bitcoin, Ethereum, Solana, da HYPE token na Hyperliquid. A cikin ɓangaren kayayyaki, akwai zinare, azurfa, da ma'aunin mai na Brent da West Texas Intermediate (WTI). S&P 500 da Nasdaq 100 ne suka cike kundin ayyukan. Don hana magudin farashi yayin daidaitawa, tsarin yana amfani da Chainlink Data Streams don sanya farashi dangane da lokaci. Wannan an yi shi ne don tabbatar da cewa tashin farashi na ɗan lokaci kafin daidaitawa bai haifar da asarar kuɗi na rashin adalci ba.

Fage

Shiga cikin perpetual futures martani ne kai tsaye ga haɓakar gasa da buƙatar damar ciniki ta awanni 24/7. Yayin da kasuwannin hannun jari na gargajiya ke rufewa a ƙarshen mako, kasuwar crypto ba ta taɓa yin barci ba. Polymarket tana shiga gasa kai tsaye a nan da ƙattai kamar Binance ko Hyperliquid. Wani abu mai ban sha'awa shine gasar da abokin hamayya Kalshi. Yayin da Polymarket ke ba da tsarinta a ƙasashen waje don abokan ciniki na duniya, Kalshi a halin yanzu tana neman izini daga mai kula da Amurka CFTC don makamantan futures na mai.

„Polymarket ta gabatar da perpetual futures, tana ƙara ciniki mai ci gaba na leverage tare da kwantiragin hasashen da aka saba dangane da abubuwan da ke faruwa." - Mia Gindis, Yar jarida a Bloomberg

Wannan ci gaban ya nuna cewa layukan tsakanin yin fare kan yuwuwar kasancewa da kuma cinikin kuɗi na ƙwararru na ƙara zama cikin rudani. Ga Polymarket, hanya ce kuma ta kauce wa ƙuntatawa ta ƙa'idodi a Amurka ta hanyar mai da hankali kan kasuwannin duniya. Tun bayan sasanta lamarin da CFTC a shekarar 2002, an ware abokan cinikin Amurka daga yawancin samfuran dandalin.

Me yasa hakan ke da mahimmanci ga 'yan wasan Jamus

Ga masu amfani da Jamus, yanayin shari'a game da irin waɗannan samfuran yana da sarkakiya sosai. Ci gaba mai dawwama tare da leverage mai girma yana ƙarƙashin kulawar BaFin a Jamus kuma galibi ana rarraba su a matsayin kwangiloli masu haɗari na bambanci (CFDs). A mahimmanci, Polymarket ba gidan caca ne na kan layi wanda Hukumar Hadin Gwiwar Kasashen don Caca (GGL) ta ba da lasisi ba. Yarjejeniyar Jiha kan Caca ta 2021 (GlüStV 2021) galibi tana tsara na'urori masu kama da na karuwai, poker na kan layi, da betting na wasanni. Duk da haka, tun da yake ana ganin Polymarket a matsayin kasuwar hasashen da ke ɗauke da abubuwan betting, masu amfani suna aiki a cikin wani yanki mai duhu.

Duk wanda yake son yin wasa bisa doka a Jamus ya kamata ya dogara da jerin sunayen GGL na hukuma. Masu samarwa da aka jera a can suna bin ka'idodin kariya ga 'yan wasa, kamar iyakacin kuɗin ajiya na Yuro 1,000 kowane wata ta hanyar tsarin LUGAS da kuma iyakacin Yuro 1 kowane spin don masu katin gidan caca. Irin waɗannan hanyoyin kariya ba su wanzu kwata-kwata a kan dandalin crypto na duniya kamar Polymarket ba. Babu iyakacin asara ta atomatik ta hanyar kulawar jiha, wanda zai iya haifar da asarar dukkan kuɗin da aka saka tare da leverage na 20x cikin sauri.

Abin da ke nufin ga gidajen caca masu lasisin GGL

Masu aiki masu lasisi na Jamus suna kallon irin waɗannan ci gaba da damuwa, saboda samfuran kuɗi masu haɗari galibi suna niyya ga masu sauraro iri ɗaya da betting na wasanni ko wasannin gidan caca. Yayin da gidajen caca na GGL ke da tsauri sosai ta hanyar LUGAS da OASIS, dandamali kamar Polymarket suna ba da damar shiga cikin sauri, sau da yawa ba a sani ba, ga manyan damammaki na riba da asara. Ga kasuwar da aka tsara ta Jamus, wannan yana nufin cewa matsin lamba ga 'yan wasa da ke neman manyan iyakoki da samfuran masu haɗari don ƙaura na iya ƙaruwa. Duk da haka, tsaron lasisin Jamus ya kasance hanya ɗaya tilo don da'awar nasara ta halal kuma yadda ya kamata amfani da rigakafin jarabar caca.