As the New York mayoral race nears its conclusion, Polymarket made an odd announcement about Zohran Mamdani. It claimed that his odds of success had been collapsing, giving Andrew Cuomo a shot at victory. Zohran’s possibilities stay overwhelmingly seemingly, leaving the neighborhood confused in regards to the assertion. Either Polymarket is attempting to juice recent…
Trump Media & Technology Group (DJT) is increasing its social empire and getting into the prediction market, a $20+ billion quantity business, by a brand new partnership. The media platform will combine prediction markets instantly into Truth Social by an unique partnership with Crypto.com Derivatives North America (CDNA), a CFTC-registered change and clearinghouse. Trump Media…
DraftKings acquired Railbird, a CFTC-licensed trade, to construct its personal prediction market. Polymarket is seemingly partnering to function because the clearinghouse of this new service. So far, this announcement hasn’t triggered a lot friction between conventional playing and dangerous Web3 betting. Still, consultants are elevating considerations about harmful fallout for the economic system and society…
Polymarket is now permitting customers to gamble on the end result of TradFi shares. Traders can place bets on whether or not or not an organization of their selecting will improve or lower in worth on a given day. As federal regulators more and more sign that they’re ready to supply “innovation exemptions” to corporations…
Shayne Coplan, the founding father of Polymarket, has stirred hypothesis in crypto circles after hinting on the launch of a native token for the fast-growing prediction market. In an X post on Oct. 9, Coplan urged a $POLY token may ultimately rank among the many largest cryptocurrencies by market capitalization. The tease comes as Polymarket…
The CFTC gave Polymarket a inexperienced gentle to commerce in the US by issuing a no-action letter concerning its American subsidiary. The Commission doesn’t plan to implement potential reporting violations dedicated by QCX. This turnaround may be very spectacular; the CFTC was scrutinizing the platform one yr in the past. CFTC resignations can permit daring…
Person “romanticpaul” made aggressive Polymarket bets on Taylor Swift’s engagement lower than 24 hours earlier than the announcement went public. He moved a $385,000 market by round 12% roughly by himself. Crypto sleuths have observed that Paul Sidoti, Taylor Swift’s guitarist for the final 18 years, may match the invoice of this gambler. In fact,…
According to a recent scoop, Donald Trump Jr. is investing an unspecified sum into the crypto predictions market platform, Polymarket. If this connection deepens, it could enable US users to openly access the platform in the future. Don Junior also invested in Kalshi, joining the firm as a Strategic Advisor in January. By investing in…