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While some say that prediction markets are a risk to democracy, others think they could serve the public by offering valuable insights and risk management tools. Go to Source
As the US elections approach, crypto policy betting surges on Polymarket. From traditional political predictions to quirky, unexpected wagers, users are placing bets on what’s to come. Go to Source
US appeals court judges peppered the CFTC and betting platform Kalshi’s lawyers with questions as the regulator bids to overturn a lower court’s decision allowing election markets. Go to Source
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.” Go to Source
According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful. Go to Source
The move signals the crypto betting market’s growing importance. Go to Source
According to the blockchain-powered prediction market Polymarket, bettors are giving Telegram founder Pavel Durov a 36% chance of being released this month. Durov was taken into custody by French judicial police at Le Bourget airport in France, facing allegations related to facilitating crimes such as fraud, terrorism, and drug trafficking. Polymarket’s $200K Gamble: Will Durov … Read more
Recently, Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO), officially declared that the Mpox outbreak, commonly known as monkeypox, is now a public health emergency of international concern. Following this announcement, Polymarket users have started placing bets on whether Mpox will be categorized as a pandemic in 2024. Polymarket Bettors Give … Read more
Traders are disillusioned with the ultra slim chances of picking a memecoin winner. Go to Source
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm. Go to Source
