Market
Will Bitcoin transactions in Phuket reach $850,000 within the first year of the pilot?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial reports or statements from the pilot project's managing body or relevant authorities
Story
Thailand Explores Bitcoin Pilot Project Proposed by Thaksin Shinawatra in Phuket, Aiming for $850K BTC to Boost Tourism
Dec 26, 2024, 12:32 PM
Thailand is exploring a Bitcoin pilot project in Phuket, proposed by former Prime Minister Thaksin Shinawatra, aimed at enhancing tourism in the region. The initiative has garnered support from the CEO of Binance Thailand, who sees potential in positioning Phuket as a hub for Bitcoin payments. However, the Bank of Thailand currently prohibits crypto payments, presenting a significant regulatory hurdle. The pilot project is intended to attract tech-savvy tourists and investors, with projections suggesting it could generate up to $850,000 in Bitcoin transactions. This initiative reflects a broader trend of balancing regulatory frameworks with the growing interest in cryptocurrency among policymakers and entrepreneurs.
View original story
Similar markets
Rejected • 25%
No decision by end of 2025 • 25%
Approved and implemented • 25%
Approved but not implemented • 25%
Moderate increase in tourism • 25%
Significant increase in tourism • 25%
No noticeable impact • 25%
Negative impact on tourism • 25%
Regulated online gambling • 25%
Other factors • 25%
Stablecoin payments • 25%
Bitcoin ETFs • 25%
Both • 25%
Neither • 25%
Accept taxes in Bitcoin • 25%
Establish Bitcoin reserve • 25%
No significant impact • 25%
Mixed impact • 25%
Positive impact • 25%
Negative impact • 25%
Yes • 50%
No • 50%
Majority support • 25%
Majority oppose • 25%
Uncertain • 25%
Evenly split • 25%
Less than 500 BTC • 25%
More than 1000 BTC • 25%
500 - 750 BTC • 25%
751 - 1000 BTC • 25%