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Extremely Low Odds on Polymarket for Kamala Harris’s Bitcoin 2024 Attendance

Extremely Low Odds on Polymarket for Kamala Harris’s Bitcoin 2024 AttendanceRumors about U.S. Vice President Kamala Harris possibly attending the Bitcoin 2024 conference in Nashville have garnered substantial attention. Alongside the speculation, a Polymarket bet estimates Harris’s odds of attending at roughly 8%. **Editor’s Note: This article has been updated with an extra paragraph to reflect Bitcoin 2024 organizer David Bailey’s statements concerning Harris attending […]

IRS Doubles Down on Immediate Staking Rewards Tax Stance

Polymarket gets backlash over ‘approved’ outcome on $13M Ethereum ETF bet

A multi-million bet on “Ethereum ETF approved by May 31” resolved to a “Yes” on Polymarket as news from the SEC broke, but the losing side argues it's not over yet.

Polymarket users who lost money by betting against the approval of spot Ether (ETH) exchange-traded funds (ETFs) are crying foul toward the decentralized betting platform, arguing the bet is still on. 

One betting market on the blockchain platform saw over $13.2 million worth of bets placed on whether an Ether ETF would be approved by May 31 — but it didn’t exactly detail what “approved” meant.

The market closed at a “Yes” result on May 23, after the Securities and Exchange Commission greenlit the 19b-4 filings for multiple Ether ETFs. Polymarket's logs show the result was briefly disputed but ultimately resolved with the same “Yes" outcome.

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IRS Doubles Down on Immediate Staking Rewards Tax Stance

Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTC

Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTCThe price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this month. ETF Analyst Eric Balchunas […]

IRS Doubles Down on Immediate Staking Rewards Tax Stance