The U.S. Commodity Futures Trading Commission has formed an Innovation Council with crypto CEOs including @TylerWinklevoss and @ArjunSethi to focus on derivatives market developments, amid ongoing regulatory changes. #Update #Crypto
@Polymarket is hiring an in-house trading team to trade against customers, raising concerns about conflicts of interest and its identity as a prediction market. #Update #Crypto
@Polymarket’s Shayne Coplan emphasizes blockchain’s role in enabling innovation without traditional funding, envisioning its use in public policy and insurance markets. #Update #Crypto
Prediction markets indicate a 96% chance the U.S. government will reopen between November 12-15, following a Senate vote to fund operations through January 30. #Update #Crypto $USDT
@Polymarket’s trading volume may be 25% inflated due to wash trading, with nearly 60% of trades in December 2024 flagged as inauthentic, impacting market perception. #Update #Crypto $USDC
Google integrates prediction market odds from @Polymarket and @Kalshi into its Search and Finance platforms, offering real-time forecasts on events like U.S. elections. #Update #Crypto $BTC $ETH
Zohran Mamdani’s victory over Andrew Cuomo in the NYC mayoral election resulted in record voter turnout and $424 million in Polymarket betting volume, with one trader losing $969,169 betting against him. #Update #Crypto $POLY
Polymarket traders miscalculated the Dutch election, with Geert Wilders’ PVV losing 11 seats to Rob Jetten’s D66, reflecting biases over data-driven trading. #Update #Crypto $POLY
@Polymarket plans to relaunch in the U.S. by November, focusing on sports markets after settling with the CFTC and acquiring QCX for regulatory compliance. #Update #Crypto $USDT
Norwegian officials are investigating unusual betting on @Polymarket for Maria Corina Machado’s Nobel Peace Prize win, with $70K bets placed hours before the announcement. #Breaking #Legal $POLY
Polymarket’s potential launch of the POLY token could reshape prediction markets by internalizing resolution, moving away from UMA’s model amid community concerns. Bitcoin trades at $121,700 with market dominance at 59%. #Update #Crypto $BTC
@IntercontinentalExchange is nearing a $2 billion investment in crypto prediction market Polymarket, potentially valuing it at $10 billion, aiding its U.S. market reentry efforts. #Update #Crypto $POLY
@Kalshi leads the prediction market sector with 62% trading volume, surpassing @Polymarket’s 37%. Kalshi’s weekly trading topped $500M, indicating higher turnover compared to Polymarket. #Update #Crypto $KSH
Polymarket and Kalshi consider new funding rounds at $9B and $5B valuations, respectively, per The Information. #Update #Finance
