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Prediction market traders are pricing some of the most bearish bitcoin outlooks of 2026, with more than $75 million in combined volume flowing into Polymarket and Kalshi contracts that see a $50,000 floor before a $100,000 ceiling. Bearish Consensus Builds Across Platforms The largest signal comes from Kalshi, where a market asking “Will BTC hit … Read more
A prediction-market trader earned $8.47 million in a single day betting on the FIFA World Cup. The wagers spanned the Sweden-Japan and Ecuador-Germany fixtures. Two Wallets, Multimillion-Dollar Wagers According to Lookonchain, the trader created a fresh wallet a day earlier and placed $7.19 million on Sweden to win and Japan not to win their match. … Read more
Prediction-market platform Polymarket said hackers stole roughly $3 million from users after a third-party vendor was compromised and malicious code was injected into its website. The incident has since been fully contained, and refunds are being initiated for affected users in full. A Supply-Chain Attack, Not a Direct Breach Polymarket disclosed that a compromise at … Read more
Polymarket said it contained the compromise and removed the affected dependency after attackers injected a malicious script into its frontend. Go to Source
Polymarket emerged as an onboarding layer for about 60% of World Cup bettors, who interacted with the blockchain for the first time during their prediction market entry. Go to Source
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets. Go to Source
The Meta CEO reportedly plans for the company to launch a prediction market independent of its other apps allowing users to place wagers using a points system rather than money. Go to Source
Mark Zuckerberg has directed a small team at Meta to build a standalone prediction markets app internally codenamed “Arena,” the New York Times reported Tuesday, citing two employees with knowledge of the plans. Meta declined to comment on the project. But according to the Times report, the Arena application is a top internal priority for … Read more
Kalshi has added India to its list of 55 restricted jurisdictions, months after Indian authorities warned VPN providers to stop facilitating access to these platforms. Go to Source
Republican Rep. Bryan Steil has introduced the Stop Lawmakers from Predicting Act, a bill that would bar House members, their spouses and their children from wagering on political and policy outcomes via prediction markets. A New Line Between Lawmaking and Betting Rep. Bryan Steil (R-Wis.), chairman of the Committee on House Administration, unveiled the measure … Read more