US Organizations Call for Restrictions on Sports Betting Markets
- Legislative Call: Several national gaming and tribal organizations, along with labor groups, are urging the US Senate to include provisions in the Digital Asset Market Clarity Act that prohibit event contracts tied to sports and casino-style gaming, reflecting strong concerns over the expansion of gambling markets.
- Regulatory Dispute: The Commodity Futures Trading Commission (CFTC) claims exclusive jurisdiction over prediction markets, while these organizations argue that the CFTC lacks the expertise and infrastructure to regulate sports betting, emphasizing the effectiveness of existing state and tribal regulatory systems.
- Tax Revenue Loss: The American Gaming Association reported that state gaming authorities have lost approximately $1.08 billion in tax revenue since prediction markets began offering sports event contracts, highlighting the impact of this emerging market on traditional gambling revenues.
- Anticipated Legal Challenges: As the CFTC threatens to sue state-level regulators, experts anticipate that this dispute may eventually reach the US Supreme Court, potentially influencing future gambling policies and regulatory frameworks.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0177 | 0.0194 | 0.0207 | 0.0224 | 0.0237 | 0.0254 | 0.0267 |
| Fibonacci | 0.0194 | 0.0206 | 0.0213 | 0.0224 | 0.0236 | 0.0243 | 0.0254 |
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