It’s Morning in America for Crypto

November 16, 2024 Bitcoin.com

bitcoin.com

With a decisive electoral sweep of the presidency and Congress, Trump’s second term could mark a transformative era for bitcoin, crypto, and the broader blockchain industry. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Trump’s Victory Could […]

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FBI Raids Polymarket CEO’s Home As DOJ Probes the Decentralized Betting Platform: Report

November 15, 2024 The Daily Hodl

Betting

The Federal Bureau of Investigation has reportedly executed a search warrant on the home of Shayne Coplan, the CEO of decentralized predictions-betting platform Polymarket. Citing a source who requested anonymity, Bloomberg reports that the FBI seized Coplan’s phone and electronics during the raid, which happened just as the US Justice Department (DOJ) investigates Polymarket for […]

The post FBI Raids Polymarket CEO’s Home As DOJ Probes the Decentralized Betting Platform: Report appeared first on The Daily Hodl.

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Polymarket Turns Up the Heat: Millions Wagered on Paul vs. Tyson Bout

November 15, 2024 Bitcoin.com

bitcoin.com

This evening at 8 p.m. ET, AT&T Stadium in Arlington, Texas, will host an electrifying boxing showdown: Mike Tyson, the legendary heavyweight, squares off against Jake Paul, the social media star turned professional fighter. Earlier in the day, Polymarket bettors are already placing their bets on the bout’s outcome. Paul vs. Tyson: Bettors Predict a […]

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Report: Polymarket Under DOJ Probe After Explosive Bets on Trump-Harris Election

November 14, 2024 Bitcoin.com

bitcoin.com

A Bloomberg report suggests that the prediction market Polymarket has caught the eye of the U.S. Department of Justice (DOJ), potentially facing a probe. ‘In the Face of Adversity, We Build’: Polymarket Responds to Scrutiny From Federal Authorities After an FBI raid on Polymarket CEO Shayne Coplan’s residence, Bloomberg reports that the DOJ has initiated […]

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FBI Raids Polymarket CEO’s Home, Seizes Devices Amid Trump Bet Controversy

November 13, 2024 Bitcoin.com

bitcoin.com

The FBI reportedly raided the Manhattan apartment of Shayne Coplan, CEO of betting platform Polymarket, early Wednesday. The raid followed Polymarket’s accurate prediction of Donald Trump’s 2024 presidential victory, a result that contrasted with traditional polls. FBI agents seized Coplan’s phone and electronic devices, though he was not arrested or charged. A source close to […]

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Polymarket Faces Significant Post-Election Lull in Trading Volume, User Activity

November 12, 2024 Bitcoin.com

bitcoin.com

Less than a week after the 2024 U.S. election, the prediction market Polymarket has seen daily trading volume drop sharply. After Election Spike, Polymarket Returns to Quieter Trading Before the election between Donald Trump and Kamala Harris, the Polygon-powered Polymarket buzzed with activity as bettors wagered on the presidential outcome. In addition to the presidential […]

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Vitalik explores potential of ‘info finance’ as ETH tops $3K

November 9, 2024 Coin Telegraph

Vitalik explores potential of ‘info finance’ as ETH tops K

Ethereum’s Vitalik Buterin proposes “info finance” as a pioneering framework to harness blockchain and AI for factual insights.

Ethereum co-founder Vitalik Buterin has introduced “info finance,” a new concept aimed at transforming how information is captured, validated and shared across multiple sectors.

In his recent blog post, “From Prediction Markets to Info Finance,” Buterin explores how blockchain technology could help aggregate, organize and distribute insights more effectively.

According to Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii) deliberately design a market to optimally elicit that information from market participants.”

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Crypto Biz: US elections crown Polymarket

November 9, 2024 Coin Telegraph

blackrock

This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.

Donald Trump may have won the race for the White House, but the crypto market has its own champion: Polymarket — a decentralized prediction market platform running on the Polygon blockchain.

Founded just four years ago, the platform has amassed over $3.2 billion in total bets tied to the United States election results, with $239.5 million placed on Election Day alone.

Behind Polymarket is 26-year-old Shayne Coplan, CEO and board member, according to Pitchbook. Some key election developments predicted by traders on Polymarket included President Joe Biden dropping out of the contest, among other geopolitical developments.

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Trader’s Successful Donald Trump Bets Prompts French Regulator to Go After Polymarket

November 7, 2024 Bitcoin.com

bitcoin.com

The French gambling regulator is considering banning access to the predictions market Polymarket despite the platform not specifically targeting French users. Polymarket’s Political Predictions Ruffle Feathers The French gambling regulator, the National Gaming Authority (NGA), is reportedly contemplating banning access to the predictions market Polymarket. An anonymous source in the NGA said the regulator can […]

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Kalshi rolls out political betting contracts for Trump presidency

November 7, 2024 Coin Telegraph

Circle

The prediction market has listed contracts for betting on events, including a prospective Trump impeachment.

Prediction marketplace Kalshi has rolled out more markets for betting on United States political events in a bid to keep engagement high after the Nov. 5 presidential election.

The contracts cover outcomes ranging from how President-elect Donald Trump will staff his administration to whether he will be impeached during his presidency, according to regulatory filings with the US Commodity Futures Trading Commission.

Bettors flocked to political prediction platforms ahead of the US elections, with betting volumes tied to the presidential race nearing $4 billion as of election day on Nov. 5, according to a Cointelegraph analysis.

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