Coinbase Acquires The Clearing Company for Prediction Markets
@Coinbase agrees to acquire The Clearing Company to enhance its prediction market, aiming for an all-in-one trading platform; deal expected to close in January. #Update #Crypto $COIN
Prediction markets
Prediction Markets Emerge as New Asset Class
Prediction markets are emerging as a new asset class with monthly volumes around $10 billion, driven by platforms like @Robinhood and Polymarket, despite regulatory risks. #Update #Crypto $BTC
Prediction Markets Launch for 20M Phantom Users
@Phantom is launching prediction markets for its 20M users via a partnership with Kalshi, enabling trades on real-world events using Solana-based tokens. #Update #Crypto $SOL
CFTC Approves No-Action for Polymarket and Gemini
The U.S. Commodity Futures Trading Commission issued no-action letters to @Polymarket, @PredictIt, @Gemini, and LedgerX/MIAX, easing recordkeeping demands for prediction markets under specific conditions. #Update #Legal $BTC $ETH
Polymarket Launches In-House Trading Team
@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
Connecticut Bans Kalshi Robinhood Crypto.com Sports Betting
Connecticut’s Department of Consumer Protection issued cease-and-desist orders to @Robinhood, @Kalshi, and @Crypto.com for unlicensed online gambling. Non-compliance may lead to penalties. #Breaking #Legal $USDT
CNN Launches Kalshi Prediction Markets Integration
@CNN partners with @Kalshi for real-time prediction markets, integrating data into news coverage and analysis. Kalshi’s recent funding round valued it at $11 billion. #Update #Crypto $BTC
Solana Launches Tokenized Event Bets with Kalshi
@Kalshi has launched tokenized event contracts on the Solana blockchain to attract crypto traders, enhancing liquidity and anonymity in prediction markets. #Update #Crypto $SOL
Crypto Prediction Markets Hit Major Setback
@Kalshi lost a court case as a federal judge ruled Nevada regulators have jurisdiction over its sports contracts, potentially affecting all prediction markets. Appeal expected. #Update #Legal $BTC
Crypto.com Partners with Fanatics for Prediction Markets
@Fanatics is entering the prediction markets via a partnership with @Crypto.com, launching in weeks. Regulatory hurdles exist as they are licensed in only 23 U.S. states. #Update #Crypto $BTC
Government Shutdown Ends as Health Care Fight Looms
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
Prediction Market Bettors Misjudge Dutch Election Results
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 Eyes U.S. Comeback by November
@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
Solana Launches Kalshi Prediction Market for F1
Jupiter DEX launches a Kalshi-powered prediction market for the F1 Mexico Grand Prix, allowing users to bet on drivers’ outcomes with initial trading limits in place. #Update #Crypto $JUP