Asia Web3 research and consulting firm Tiger Research diagnosed in its report 'Analysis of Asia's Prediction Market Regulations Missing KRW 60 Billion' that "Asian regulatory authorities lack a classification system to encompass the prediction market, effectively leaving it in a grey area, a regulatory blind spot. In a situation where user inflow cannot be fundamentally blocked regardless of regulation, institutional neglect leads to side effects such as the loss of opportunities to secure new tax revenue and a void in consumer protection."
