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Prediction markets are not being manipulated — Kalshi founder

The most recent Polymarket odds put Trump's chances of winning the 2024 Presidential election at 60.3% and winning all six swing states.

Former President Trump's 20-point lead over Vice President Kamala Harris on Polymarket has sparked manipulation concerns. Tarek Mansour — the founder of the Kalshi prediction market — recently argued that these results were accurate and not the result of inorganic manipulation by presenting comparable data from Kalshi.

Mansour began by dispelling the media claim that a handful of large whales are skewing the odds in favor of Trump. According to the Kalshi founder, "The median bet size on Harris is larger than the median bet size on Donald Trump," with the median bet size for Harris coming in at $85 compared to Trump's $58.

The founder also explained that more individuals on the Kalshi platform are placing bets on Trump, and the 20-point lead reflected on Polymarket roughly tracks with the number of individuals betting Trump will win the November election on Kalshi.

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Dydx Launches Trump Election Perpetual Trading Market

Dydx Launches Trump Election Perpetual Trading MarketThe decentralized finance (defi) platform Dydx has introduced a new prediction market allowing traders to speculate on Donald Trump’s chances in the 2024 U.S. presidential election. The decentralized platform enables users to leverage positions in a perpetual trading market tied to election results. Dydx Unveils Perpetual Prediction Market for 2024 Trump Election Outcome The Trump […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Prediction markets rise 565% in Q3, fueled by US elections

Decentralized prediction markets could offer more accurate predictions for the US elections than traditional polling systems, according to Elon Musk.

Prediction markets saw significant growth in the third quarter of 2024, driven by bets on the upcoming United States presidential election, which could have wide-reaching effects on cryptocurrency regulations.

The betting volume on prediction markets rose over 565.4% in Q3 to reach $3.1 billion across the three largest markets, up from just $463.3 million in the second quarter of 2024.

The significant growth in prediction market volume was mainly attributed to increasing bets on the outcome of the US elections, according to an Oct. 14 CoinGecko report, which stated:

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Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

DC Circuit Court Rules Kalshi’s US Election Bets Legal

DC Circuit Court Rules Kalshi’s US Election Bets LegalThis week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling. […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Polymarket’s Traffic and Trading Volume Soar, $137.3M in September’s First 9 Days

Polymarket’s Traffic and Trading Volume Soar, 7.3M in September’s First 9 DaysIn just over a week, the blockchain-powered prediction market platform Polymarket has generated an impressive $137.3 million in trading volume, already outpacing the total volume recorded during June and all prior months this year. Last Friday, Polymarket reached its highest daily trading volume in the last three months. Polymarket Outpaces June Volume in Just 9 […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Polymarket Hits Record $472.87M in August Volume Amid Election Betting Frenzy

Polymarket Hits Record 2.87M in August Volume Amid Election Betting FrenzyThe blockchain-powered prediction market Polymarket saw an additional $85.84 million in trading volume during August, marking a notable uptick from July. August’s volume of $472.87 million set a new high, surpassing every month since Polymarket’s inception. Polymarket Volume Soars in August While some sectors faltered in August, Polymarket thrived, setting new records with $472.87 million […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

36% Chance for Durov’s Freedom in August: Polymarket’s High-Stakes Bet on Telegram Founder’s Fate

36% Chance for Durov’s Freedom in August: Polymarket’s High-Stakes Bet on Telegram Founder’s FateAccording to the blockchain-powered prediction market Polymarket, bettors are giving Telegram founder Pavel Durov a 36% chance of being released this month. Durov was taken into custody by French judicial police at Le Bourget airport in France, facing allegations related to facilitating crimes such as fraud, terrorism, and drug trafficking. Polymarket’s $200K Gamble: Will Durov […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Vega Protocol Launches Decentralized Prediction Market With Colosseo II Upgrade

Vega Protocol Launches Decentralized Prediction Market With Colosseo II UpgradeVega 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 for real-time updates and enhanced cross-chain capabilities. Vega’s prediction market aims […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Biden Exits 2024 Election, Polymarket Predicts Kamala Harris as Leading Democratic Nominee

Biden Exits 2024 Election, Polymarket Predicts Kamala Harris as Leading Democratic NomineeFollowing the announcement that President Joe Biden will withdraw from the 2024 election, the prediction market Polymarket now indicates an 81% probability that Vice President Kamala Harris will be the Democratic nominee at the upcoming national convention. Polymarket Shows Kamala Harris as Democratic Favorite On Sunday afternoon, President Biden declared he would not seek re-election […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

2024 Election Bets Propel Polymarket to $111 Million in June Volume

2024 Election Bets Propel Polymarket to 1 Million in June VolumeAccording to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over $100 million in June and $8.2 million on the day the 2024 presidential candidates Donald Trump and Joe Biden debated on stage. The Rising Influence of the Prediction Market Polymarket Polymarket has […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury