Analysts to Prediction Markets: 'Take a Seat, Your Legislative Moon Mission is Scheduled for 2028'

TD Cowen's analysts have just served the prediction markets community a tall glass of "not gonna happen," politely informing them that the current crop of regulatory bills is about as likely to pass this year as a Bitcoin maximalist is to buy an ape JPEG. The firm has its sights set on the 2028 U.S. presidential election, framing it as the next major catalyst—or 'existential FUD event,' depending on which side of the trade you're on—for any real legislative action.

In other words, if you're waiting for regulatory clarity in 2024, you might as well be waiting for a low-fee, high-throughput Ethereum block. The genuine political degen play appears to be parked a few election cycles down the road, so maybe just set a calendar reminder and go touch some grass in the meantime.