星球日报|Oct 21, 2026 02:40
[Internal Betting-Type Virtual Currency Perpetual Contract Platforms Should Be Classified as Operating Gambling Dens, Supreme People's Procuratorate Issues Statement]
Odaily Planet Daily News - On June 15, the Supreme People's Procuratorate published a theoretical article stating that virtual currency perpetual contract platforms should undergo a thorough examination: any platform that lacks genuine external matching, settles internally, has the operator act as the bookmaker, and whose profits and losses depend on market fluctuations should be classified as an online gambling platform and characterized as the crime of operating a gambling den. The defense of 'citing public market data' proposed by such platforms is not valid.
The article further states that the crime of illegal business operations only applies to intermediary models with genuine external matching and no bookmaker betting. Currently, over 95% of platforms in the market operate on an internal betting model, and the actual controllers, technical developers, operational promoters, and fund settlement personnel may all be held accountable.
Such transactions are deemed invalid civil legal acts, and investors' claims for the return of principal or payment of profits will generally not be supported, with losses to be borne by the investors themselves.
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