Prediction Market Bettors Go All-in on a Bitcoin Drop Under $100K
Over the past two weeks, bitcoin has shed 12.4% against the U.S. dollar and now sits 14.9% shy of its all-time high above $126,000. Social media’s been buzzing with chatter…
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Polymarket Nobel Peace Prize Controversy: Data Leak Likely Involved Web Scraping
A conversation with one of the alleged insiders who profited from the bet hinted that the data leak may have originated from the Nobel Prize website. The site could have…
Polymarket: Nobel Peace Prize Dark Horse’s Rise Sparks Insider Trading Speculation
The rise of Maria Corina Machado, a Venezuelan opposition leader, as the leading option in Polymarket for winning the Nobel Peace Prize hours after the announcement of her victory, sparked…
Kalshi Raises $300 Million Reaching a $5 Billion Valuation as Prediction Markets Go Mainstream
Kalshi, a blockchain-based prediction market company, has raised $300 million in a recent funding round, capitalizing on the increased popularity of these platforms. The round, which pushes Kalshi’s valuation to…
Polymarket’s Evolution: From DeFi Startup to ICE-Backed Global Platform
Polymarket, a blockchain-based prediction platform, has received a $2 billion investment from Intercontinental Exchange (ICE), marking a pivotal step in merging traditional finance (TradFi) with decentralized markets. Inside ICE’s Polymarket…
Report: Robinhood Explores Overseas Prediction Markets Launch
Robinhood is reportedly taking its prediction markets global, betting that the world is just as eager to wager on everything from elections to sports. Not content with just disrupting domestic…
Kalshi and Polymarket See US Government Shutdown as a Done Deal
Users of the largest prediction markets, Kalshi and Polymarket, consider the U.S. government shutdown a done deal. Bets open on both platforms put the probability above 78% as both parties…
Eric Trump Believes Bitcoin Will Reach $1 Million; Prediction Markets Say Otherwise
Eric Trump, son of President Donald Trump, said he believes bitcoin will surpass $1 million and is extremely bullish on the cryptocurrency’s future. Prediction markets put the probability of that…
Polymarket Weighs $9B Valuation as Kalshi Eyes $5B, Report Says
Polymarket and Kalshi are reportedly weighing fresh fundraising rounds at valuations of $9 billion and $5 billion, respectively, according to a new report from The Information. Technology newsletter The Information…
Massachusetts Alleges Kalshi’s Event Contracts Are Illegal Sports Bets
The Massachusetts Attorney General’s Office has filed a lawsuit against prediction market platform KalshiEX LLC, alleging it illegally offered sports wagering to state residents without a license. Bay State Calls…