Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling. Then sports arrived and did …
Prediction
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Scams
Gavin Newsom Bans California Public Officials From Prediction Market Insider Trading
by shayaanby shayaanIn brief California public officials are banned via executive order from using inside information to make money on prediction markets. The ban …
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Web3
Ripple (XRP) Price Prediction: Ripple Prime Launches on DTCC Rails After $1.25B Hidden Road Closes
by shayaanby shayaanTaur0x IO (TAUX) Decentralized Hedge Fund The Ripple (XRP) price prediction conversation added a new layer this month with the launch of …
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Smart Contracts
US Congressman Moves to Ban Staff From Trading on Prediction Markets
by shayaanby shayaanIn short Democrat Seth Moulton of Massachusetts has banned all congressional office staff from trading on prediction markets such as Polymarket and …
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Markets
Crypto Long & Short: Prediction Markets Don’t Just Forecast Power – They Reshape It
by shayaanby shayaanIn this week’s Crypto Long & Short Newsletter, Ryan Kirkley writes on how crypto prediction markets can risk incentivizing manipulation and amplify …
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Regulation
Kalshi and Polymarket Face Senate Ban: End of Sports Betting on Prediction Markets?
by shayaanby shayaanA Republican and a Democrat just introduced a bill to ban sports betting on Kalshi and Polymarket. Kalshi is already facing criminal …
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Markets
If one trader can force the outcome of a prediction market, it shouldn’t be tradable
by shayaanby shayaanBy hosting manipulable contracts, prediction markets swap their long-term credibility for short-term engagement. www.coindesk.com
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Smart Contracts
Gemini Faces Class-Action Suit Over Prediction Market Pivot, Plummeting Stock Price
by shayaanby shayaanIn short Gemini is being sued by shareholders for allegedly misleading investors and concealing its pivot to prediction markets. Founders Tyler and …
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Smart Contracts
Nevada Becomes First State to Ban Prediction Market Kalshi—At Least for Now
by shayaanby shayaanIn short Kalshi was temporarily banned in Nevada, shutting down the sports, politics and entertainment markets for at least a fortnight. A …
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Markets
Bitcoin To Rally 250% This Year? Crypto Founder’s Bullish Prediction Shows New ATHs
by shayaanby shayaanArthur Hayes, co-founder of BitMEX, has reiterated his $250,000 year-end price target for Bitcoin. With Bitcoin trading around $70,100, that target would …