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The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,’” said the derivatives regulator. CFTC Takes First Crypto […]Powered by WPeMatico
On July 14, IOHK, the Cardano network developers, announced the project’s latest testnet called Alonzo white has been deployed. IOHK detailed that it has onboarded new participants and the move will help the project move “closer to smart contracts.” Two days later, a Cardano-based project called Spores raised $2.3 million to build a non-fungible token […]Powered by WPeMatico
Prediction market activity shows that few bettors think Vitalik Buterin has a chance against the Canadian master
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The new prediction marketplace solves longstanding liquidity issue, but does it create new problems?
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Americans wagered $140 million on the 2017 Super Bowl, but if sports betting was legal nationwide, that figure would have been closer to $5 billion, it’s believed. Save for a handful of states such as Nevada, sports betting is outlawed in the U.S., though a Supreme Court ruling last year looks set to change that. […]
The post Decentralized Protocols Are Making It Easier Than Ever to Gamble With Cryptocurrency appeared first on Bitcoin News.
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Following great delays and great fanfare, Augur’s decentralized prediction market has launched. One week on, an examination of the sort of wagers it’s attracted shows the ways in which the Ethereum-based project can be harnessed as well as the potential hazards. How decentralized is Augur and, if push came to shove, could the platform prove […]
The post What Does the Future Hold for Augur’s Prediction Market? appeared first on Bitcoin News.
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In the cryptocurrency ecosystem, the concept of prediction markets is a topical subject. There are a few projects in the works hoping to build decentralized prediction markets such as Augur and Hivemind. One particular project, although not fully ‘trustless’ at the moment, Fairlay, has been moving a staggering amount of volume over the past few […]
The post Bitcoin Prediction Market Fairlay Sees Sizable Volumes appeared first on Bitcoin News.
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Prediction markets are making their mark on the blockchain and cryptocurrency industries as we speak. Stox, one of the ICOs promoted by Floyd Mayweather, aims to do so as well. Its goal is to build the blockchain prediction market of the future using Ethereum technology. The Concept of Stox Although the name would suggest Stox has something to do with stock markets, that is not the case. Instead, the platform will serve as a global open-source prediction market where users can make their own predictions. Doing so will earn them a portion of a stake in a specific event. Moreover, Stox maintains a single token economy,Powered by WPeMatico
Prediction markets stand to benefit a lot from blockchain technology. We’ve seen several such projects embrace a cryptocurrency-oriented business model as well. Given that cryptocurrency and blockchain are entwined, this is anything but surprising. One of the more popular cryptocurrency-oriented prediction markets is Gnosis. It is a rather interesting project which aims to achieve a lot of big things in the years to come. Gnosis in a Nutshell The thing that intrigues people the most about prediction markets is how they operate exactly. In the case of Gnosis, it focuses on market-driven forecasting technology to let users shape the future. Gnosis is built onPowered by WPeMatico