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Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules
12.8.2024
Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power
Vega Protocol Launches Decentralized Prediction Market With Colosseo II Upgrade
11.8.2024
Vega Protocol has launched its prediction market feature as part of the Colosseo II upgrade. This new development allows users to bet on future events using the Cosmos network infrastructure, offering both binary and non-binary settlement options. The upgrade also includes live game scoring...
Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts
11.8.2024
Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In a letter to the CFTC, Humenik expressed concerns...
Gemini urges CFTC to withdraw proposed rule on event contracts
10.8.2024
Gemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platforms can’t match
Polymarket’s Integrity Questioned Over Venezuelan Presidential Election Bet Outcome
9.8.2024
Polymarket, a cryptocurrency-based prediction market, has declared Edmundo Gonzalez, the opposition candidate, the winner of the Venezuelan presidential election bet. The decision, made days after the election, ignores the official results announced by the National Electoral Council (CNE), which...
Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts
9.8.2024
Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to the proposal, urging the CFTC to reconsider its stance, which...
Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules
9.8.2024
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
Coinbase-Backed Vega Gets Into Prediction-Market Race, Chasing Polymarket
8.8.2024
A major upgrade to Vega's blockchain and decentralized perpetuals exchange will allow users to bet on the outcomes of future events
Why crypto stakeholders see bright future for prediction markets in Africa
7.8.2024
The combination of technological advancements, cultural factors, and increasing financial diversification suggests that decentralized prediction markets could thrive on the continent
Why crypto stakeholders see bright future for prediction markets in Africa
7.8.2024
The combination of technological advancements, cultural factors and increasing financial diversification suggests that decentralized prediction markets could thrive on the continent
US Lawmakers Push for CFTC Action Against Election Gambling Amid Polymarket’s Rise
6.8.2024
A group of Democrat lawmakers, including Massachusetts Senator Elizabeth Warren, has penned a letter to Commodities and Futures Trading Commission (CFTC) Chairman Rostin Behnam, urging the agency to prohibit all forms of election-related gambling in the United States. This appeal is timely,...
Harris Likely to Pick Pennsylvania Gov. Shapiro for Veep, Prediction Markets Say
5.8.2024
Also: the Democrat gains on Trump but hasn't closed the gap, unlike in polls; Polymarket punters trade on Olympic women's boxing controversy; Fed will cut rates fast and hard in September, say bettors
Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom
1.8.2024
MetaDAO, a Solana experiment in governance by "futarchy," raised a total of $2.2 million to fund operations
Polymarket founder hints at potential fees in the future
1.8.2024
Polymarket might add fees to its platform in the future, but it is currently focused on growing the marketplace, according to the CEO
Polymarket founder hints at potential fees in the future
1.8.2024
Polymarket might add fees to its platform in the future, but it is currently focused on growing the marketplace, according to the CEO
Several AI Chatbots Predict Trump Victory in 2024 Election, Two Decline to Answer
27.7.2024
Over recent weeks, Bitcoin.com News has been covering prediction markets linked to the U.S. election. Our newsdesk also tested various artificial intelligence (AI) chatbots to forecast the prices of bitcoin, gold, and ethereum by the end of 2024. In this particular experiment, we consulted nine...
Harris vs. Trump: Polls Show Tight Race as Betting and Prediction Markets Favor Trump
24.7.2024
After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over...
Polymarket Trading Explodes as 2024 Election Enters Uncharted Territory
22.7.2024
The Protocol: Polymarket Feeds Political Junkies, With Nate Silver
17.7.2024
In this week's issue of CoinDesk's blockchain tech newsletter, we look at the "alternative news source" that Polymarket's prediction-betting site has become
Polymarket Hires Nate Silver After Taking in $265M of Bets on U.S. Election: Report
17.7.2024
As the U.S. presidential election enters its final stretch, crypto-based prediction market platform Polymarket is striking while the iron is hot by hiring popular statistician and writer Nate Silver as an adviser