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Prediction Markets

A collection of 17 posts

Polymarket Secures CFTC Approval for U.S. Reentry, Boosting Crypto Prediction Markets

Polymarket Secures CFTC Approval for U.S. Reentry, Boosting Crypto Prediction Markets

Polymarket, a leading cryptocurrency-based prediction market platform, has secured regulatory approval to resume operations in the United States. The Commodity Futures Trading Commission (CFTC) issued a no-action letter to QCX, a CFTC-regulated derivatives exchange recently acquired by Polymarket, allowing the platform to operate event contracts without certain reporting and record

Tyler Winklevoss Slams Brian Quintenz CFTC Nomination Over Conflict of Interest Concerns

Tyler Winklevoss Slams Brian Quintenz CFTC Nomination Over Conflict of Interest Concerns

The nomination of Brian Quintenz as the chair of the Commodity Futures Trading Commission (CFTC) has hit a significant roadblock, as newly surfaced emails have raised concerns about potential conflicts of interest tied to his role with crypto prediction market platform Kalshi. Sources cited by the New York Post indicate

Elon Musk’s xAI Partners with Kalshi to Bring AI to Prediction Markets

Elon Musk’s xAI Partners with Kalshi to Bring AI to Prediction Markets

xAI, the AI startup founded by Elon Musk, has announced a partnership with Kalshi, the CFTC regulated prediction market for event based contracts. This collaboration integrates xAI’s conversational AI model called Grok into Kalshi’s platform, enabling retail traders to leverage real-time AI analysis when betting on outcomes ranging

Polymarket Returns to U.S. with $112 Million Acquisition of QCX Crypto Exchange

Polymarket Returns to U.S. with $112 Million Acquisition of QCX Crypto Exchange

Polymarket, a crypto betting prediction platform previously pushed offshore by U.S. regulators, has secured a path back to the American market. The New York-based company, led by CEO Shayne Coplan, has agreed to acquire derivatives crypto exchange QCX for $112 million, according to Bloomberg. This strategic move allows Polymarket

Trump Admin Ends Investigations into Polymarket Crypto Prediction Platform

Trump Admin Ends Investigations into Polymarket Crypto Prediction Platform

The U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have officially closed their investigations into Polymarket, a crypto based prediction market platform, marking a significant development for the crypto industry. The probes, which intensified during the final days of the Biden administration, scrutinized whether Polymarket

Kalshi Secures $185 Million Funding at $2 Billion Valuation Amid Prediction Market Surge

Kalshi Secures $185 Million Funding at $2 Billion Valuation Amid Prediction Market Surge

New York-based prediction market startup Kalshi announced on Wednesday that it has raised $185 million in a funding round, valuing the company at $2 billion. The investment, led by crypto-focused venture capital firm Paradigm, marks a significant milestone for Kalshi, cementing its status as a “unicorn” in the rapidly evolving

Polymarket Nears $200 Million Fundraise, Signaling Investor Confidence in Decentralized Prediction Markets

Polymarket Nears $200 Million Fundraise, Signaling Investor Confidence in Decentralized Prediction Markets

Polymarket, a leading developer of decentralized prediction markets, is reportedly close to securing a $200 million funding round that would value the company at $1 billion, according to sources cited by The Information. This significant investment reflects growing investor enthusiasm for blockchain based prediction platforms, even as trading volumes have

Kalshi Prediction Market Adds Solana Support After Including Bitcoin and USDC

Kalshi Prediction Market Adds Solana Support After Including Bitcoin and USDC

Kalshi, a leading prediction market, announced on Friday that it now supports Solana crypto deposits. This addition allows users to fund their accounts seamlessly using a Solana (SOL) supported wallet, marking a significant step in Kalshi’s ongoing efforts to enhance user accessibility and flexibility. With Solana’s inclusion, the

Whale Allegedly Manipulates $7 Million Bet in Polymarket Governance Attack

Whale Allegedly Manipulates $7 Million Bet in Polymarket Governance Attack

The crypto based prediction market platform Polymarket has found itself at the center of controversy following what it describes as an unprecedented governance attack. The incident, which unfolded between March 24 and 25, involved a $7 million bet titled “Ukraine agrees to Trump mineral deal before April?” The wager saw

Polymarket Integrates Solana to Streamline User Deposits

Polymarket Integrates Solana to Streamline User Deposits

Polymarket, a crypto based prediction market platform, announced a significant update for its users today. The company now supports deposits using Solana, a blockchain celebrated for its speed and efficiency. Previously users could only deposit using USDC. This new SOL integration allows users to fund their Polymarket wallets seamlessly, leveraging

New Polymarket Poll Says Jesus Christ Has 3% Chance of Returning

New Polymarket Poll Says Jesus Christ Has 3% Chance of Returning

In a surprising blend of crypto and religion, Polymarket, a prominent prediction market platform, has launched a market allowing users to bet on whether Jesus Christ will return in 2025. The platform, known for its speculative markets on real-world events, is now facilitating wagers on this deeply theological question, drawing

Arka Prediction Market Launches on Solana Network for Real-Time Betting

Arka Prediction Market Launches on Solana Network for Real-Time Betting

A new platform named Arka has launched promising to revolutionize the way we engage with prediction markets. Built on the Solana blockchain, Arka offers users a unique opportunity to speculate on a myriad of future events, from politics to the outcomes of major sporting events. This platform positions itself at

Crypto.com Takes On Polymarket Prediction Market with Sports Betting

Prediction Markets

Crypto.com Takes On Polymarket Prediction Market with Sports Betting

Crypto.com is making headlines by expanding its services into the realm of sports prediction markets, a move that echoes the success seen by platforms like Polymarket during high-stakes events such as the U.S. presidential elections. The company has launched "Sports Event Trading," a feature that invites

Trump's Pardon Predictions Heat Up on Polymarket

Trump's Pardon Predictions Heat Up on Polymarket

The air is thick with speculation and anticipation as bets on Polymarket, a prediction marketplace, swirl around who Donald Trump might pardon in his first 100 days back in office. With a staggering $3.59 million already bet, the market has become a focal point for those trying to predict

Kalshi's Playbook: Allegedly Paying Ex-NFL Star Antonio Brown to Bash Polymarket CEO After FBI Raid

Kalshi's Playbook: Allegedly Paying Ex-NFL Star Antonio Brown to Bash Polymarket CEO After FBI Raid

In the high-stakes world of prediction markets, where companies vie to predict everything from election outcomes to market trends, a recent incident has stirred significant controversy. Following an early morning FBI raid at the SoHo apartment of Polymarket CEO Shayne Coplan on November 13, 2024, actions by a competitor, Kalshi,

Polymarket Bans French Users Amid Trump Controversy

Polymarket Bans French Users Amid Trump Controversy

Recently crypto betting platform Polymarket decided to block users from France. This move was prompted by regulatory concerns over speculative markets influencing political events. The decision reflects broader challenges faced by DeFi platforms in aligning with international legal frameworks. Background and the Trump Controversy The story begins with Polymarket, a