Prediction markets could hold the key to seeing the future, say observers

November 20, 2024 Coin Telegraph

Predictions markets had an edge on the polls in the 2024 US election, but are they actually helping pundits predict the future?

The decentralized betting market platform Polymarket left political commentators around the world stunned by its accuracy in sourcing information about the United States presidential election race between President-elect Donald Trump and Vice President Kamala Harris.

Now several commentators are backing the idea that prediction markets and the concept of “information finance” could be the next leap forward in humanity’s ability to make more efficient and educated guesses about the outcome of global events.

In a Nov. 9 blog post, Ethereum co-founder Vitalik Buterin outlines the concept of information finance, betting on the fact that betting markets are actually much more than just speculation engines.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Crypto industry smashes all lobbying records in 2024, influencing US election

November 12, 2024 Coin Telegraph

Biden

The crypto lobby has made its mark on the US presidential elections.

The crypto industry smashed all lobbying records in 2024 as President-elect Donald Trump secured a second term to return to the White House.

All across America, in key battleground states, money from crypto lobbyists made its mark. One of the biggest wins came in Ohio, where Republican Bernie Moreno ousted Democrat Sherrod Brown at a cost to crypto lobbyists of $40 million.

Brown, a crypto skeptic, was also chair of the Senate Banking Committee. Moreno’s victory removes a major crypto roadblock in Washington.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitcoin Price Hits New All-Time High As Traders Bet Trump Will Beat Harris

November 6, 2024 The Daily Hodl

Bitcoin

Bitcoin (BTC) just hit a new all-time high of $74,504 as Donald Trump’s odds of winning the presidency surge on betting sites. The online betting site Polymarket now has Trump at a 92.2% chance of winning the election. At time of publishing, NBC News projects Trump has secured 210 electoral votes, with Harris securing 91. […]

The post Bitcoin Price Hits New All-Time High As Traders Bet Trump Will Beat Harris appeared first on The Daily Hodl.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Citi Trader Says Bank Watching for ‘Trump Rip’ or ‘Harris Dip’ As Markets Brace for Election Results

November 5, 2024 The Daily Hodl

Citi

Citi’s US equity strategist says the bank will be looking for trading opportunities this week on election-induced market volatility. Speaking in a new interview on CNBC’s Squawk Box, Citi’s Scott Chronert says that the S&P 500 is mostly fair valued at current levels, but that the election could skew the market in either direction depending […]

The post Citi Trader Says Bank Watching for ‘Trump Rip’ or ‘Harris Dip’ As Markets Brace for Election Results appeared first on The Daily Hodl.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

US Treasury Adds $104,000,000,000 To National Debt in One Day As Total Outstanding Debt Shatters Record High at $35,951,000,000,000

November 4, 2024 The Daily Hodl

US Treasury Adds 4,000,000,000 To National Debt in One Day As Total Outstanding Debt Shatters Record High at ,951,000,000,000

Daily Hodl

The US national debt just hit a new record high after the Treasury Department added $104 billion to its outstanding balance in a single day. The Treasury’s Debt to the Penny database shows the government’s pile of debt is close to $36 trillion, clocking in at $35.951601173936 trillion. The US shattered the $35 trillion barrier […]

The post US Treasury Adds $104,000,000,000 To National Debt in One Day As Total Outstanding Debt Shatters Record High at $35,951,000,000,000 appeared first on The Daily Hodl.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitcoin can still hit $100K, no matter who wins US election

November 1, 2024 Coin Telegraph

Bitcoin can still hit 0K, no matter who wins US election

Coin Telegraph

The prospect of favorable regulations and Bitcoin’s hedge status mean that Bitcoin can weather any election result and even reach $100,000.

Opinion by Georgii Verbitskii, founder of TYMIO Yield and TYMIO Protect.

The 2024 United States presidential election has raised debates about how both candidates might shape the future of cryptocurrencies, particularly Bitcoin (BTC).

With the growing number of Bitcoin and altcoin holders in the United States, any winner would make crypto regulation a key issue.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

5% of US voters identify as single-issue crypto voters — Paradigm poll

October 31, 2024 Coin Telegraph

2024 election

According to Paradigm, 20% of individuals surveyed indicated that they currently hold or have previously purchased crypto.

An October 2024 poll from venture capital firm Paradigm revealed that 5% of respondents indicated they were single-issue crypto voters in the United States presidential election. The results suggest that the voting bloc has the power to swing an election that will be determined by a “razor-thin” margin.

According to the Paradigm poll, roughly one-quarter of crypto owners surveyed indicated they were single-issue crypto voters, including 11% of voters in the 18-34 age bracket, 8% of male respondents, 7% of African American voters, and 8% of Hispanic voters.

Paradigm noted that the 5% of pro-crypto, single-issue voters is more than double the margin of victory in swing states such as Pennsylvania, Michigan, and Wisconsin, where election results are decided by a slim 1-2% margin.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed

October 29, 2024 Coin Telegraph

Bitcoin hits .6K as fundamentals suggest new all-time highs are programmed

basis trade

Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.

Bitcoin (BTC) price sprinted toward its all-time high at $73,800, and this move differs from recent rallies as several fundamentals suggest that the bull market is shifting into a higher gear.

Here are six important pieces of data that signal Bitcoin is ready to hit new highs.

Bitcoin’s strong range break and sustained multiday close above the previous trading range inspired traders to open new positions with the intent of chasing higher targets in the $85,000–$160,000 range, a point well illustrated by veteran trader Peter Brandt.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Robinhood Launches Election Bets as Polymarket, Kalshi Draw Millions — But for How Long?

October 28, 2024 Bitcoin.com

bitcoin.com

As Robinhood rolls out its presidential election event contracts, the prediction markets Polymarket and Kalshi are drawing in substantial multi-million-dollar revenues tied to election-related trading. Robinhood Jumps Into Election Contracts Scene On Monday, Robinhood said began deploying election event contracts to select U.S. customers on Oct. 28, just ahead of the Nov. 5 U.S. presidential […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

US Election Bettors Double Down: Trump’s Path to Victory Grows, but Is It Enough?

October 27, 2024 Bitcoin.com

bitcoin.com

According to the latest data from Polymarket, gathered eight days before the 2024 U.S. Election Day, former President Donald Trump has widened his lead over Vice President Kamala Harris on the predictions platform. Odds Tilt Toward Trump as Bettors Eye Potential GOP Sweep Donald Trump’s edge over Kamala Harris on Polymarket keeps expanding, and as […]

Harris

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