2024-8-26 19:00 |
Prediction market traders place bets on Telegram CEO's release from jail and spread of mpox. origin »
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Tennessee’s sports betting regulator has ordered Polymarket, Kalshi, and Crypto. com to cease offering sports betting contracts, bringing focus to the regulatory landscape of event contract exchanges.
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing.
If the prediction market's traders are right – and lately, they've been right – the election results are even more bullish for crypto than they appear.
The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.
As much as a third of the prediction market's volume is inflated by traders buying and selling the same shares repeatedly, Fortune reported, citing blockchain researchers. They could be doing it to farm a future airdropped token.
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
Better Markets is using Polymarket's "French connection" as ammo against the prediction market's regulated competitor.