While rising volume on Polymarket and Kalshi is attracting quantitative firms to prediction markets, they aren’t focusing on event outcomes; rather, they’re …
Betting
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Markets
Strategy’s bitcoin sale sparks a $14 million betting chaos on Polymarket
by shayaanby shayaanThe 8-K filing by Strategy Monday disclosed sales for the period May 26 to May 31, but the disclosure was issued on …
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Markets
Crypto traders betting on a rally lose $563 million in liquidations. Ether and bitcoin suffer the most
by shayaanby shayaanEther and bitcoin led liquidations, as their prices dropped on macroeconomic concerns. www.coindesk.com
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Markets
XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout
by shayaanby shayaanTokenized US Treasury bonds sitting on the XRP Ledger have grown from $50 million to $418 million in roughly a year — …
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Markets
'I don’t think that’s crazy': Here is why Circle is betting on new $3 billion blockchain
by shayaanby shayaanThe USDC stablecoin issuer is betting Arc can become Wall Street’s blockchain rail for payments and tokenized finance, though analysts still see …
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Markets
Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
by shayaanby shayaanNovig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all …
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Markets
From Cathie Wood to Cantor Fitzgerald, the big money is betting that Robinhood’s crypto slump is just a temporary speed bump
by shayaanby shayaanCathie Wood’s Ark Invest snapped up over 500,000 shares of Robinhood on Wednesday, joining a wave of analysts who believe a surge …
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Markets
Robinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event betting
by shayaanby shayaanWhile the trading platform’s crypto revenue tanked 47% to $134 million, a record-breaking surge in prediction market bets helped push overall revenue …
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In brief Wisconsin Attorney General Josh Kaul has filed complaints targeting Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase over their prediction market offerings. …
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Scams
Kalshi Fines Meme Coin Candidate Mark Moran, Others for Betting on Their Own Elections
by shayaanby shayaanIn brief Kalshi unveiled enforcement actions against three political candidates who had bet on their own elections. The individuals included one U.S. …