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39% Chance of Dropping Out — Joe Biden’s Debate Stumbles Fuel Prediction Market Betting

39% Chance of Dropping Out — Joe Biden’s Debate Stumbles Fuel Prediction Market BettingFollowing the initial 2024 U.S. Presidential Debate, prediction market wagers on whether incumbent Joe Biden will withdraw have seen a significant increase in activity. The likelihood of Biden stepping down and being substituted has risen notably. Betting Markets React to Joe Biden’s Unintelligible Statements and Performance On Thursday, CNN broadcasted the 2024 U.S. Presidential Debate […]

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Vivek Ramaswamy’s VP Prospects Spike 1,100% on Prediction Market Polymarket

Vivek Ramaswamy’s VP Prospects Spike 1,100% on Prediction Market PolymarketFollowing speculation that former President Donald Trump might select Republican Vivek Ramaswamy as his vice presidential candidate, Ramaswamy’s chances have significantly increased on prediction platforms like Polymarket. Over the last three days, his odds have jumped by 1,100%. Ramaswamy Gains Momentum in VP Stakes on Prediction Markets On Tuesday, the internet buzzed with ongoing speculation […]

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Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC

Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SECAccording to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. […]

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Reverse Engineering the Future: Bitcoin.com Team Members Weigh In on ETHGlobal Tokyo Hackathon

Reverse Engineering the Future: Bitcoin.com Team Members Weigh In on ETHGlobal Tokyo HackathonThe ETHGlobal Tokyo hackathon drew to a close on Sunday, as builders from around the world competed for $375,000 in prizes. The event was kicked off with the first-ever ETHGlobal “Pragma” summit, sponsored by Verse, among others. Engineers and representatives from Bitcoin.com also took part in the summit and hackathon, and shared their thoughts on […]

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Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows

Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout SlowsGlobal markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current monetary easing policy and raising the benchmark interest rate. Economists and market analysts fear the hawkish Federal Reserve will tighten markets too fast after the […]

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CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets

CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket .4 Million, Shuts Down Noncompliant MarketsThe U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,'” said the derivatives regulator. CFTC Takes First Crypto […]

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Zeitgeist Brings a Prediction Markets Ecosystem to Polkadot’s Kusama

Zeitgeist Brings a Prediction Markets Ecosystem to Polkadot’s KusamaTo capitalize on the growing popularity of blockchain trends like decentralized finance (defi), Zeitgeist will be rolling out a new native prediction platform for Polkadot to expand the scope of opportunities available for retail crypto investors. New Network to Build on Substrate and Launch Exclusively on Kusama Long before Satoshi Nakamoto unveiled the Bitcoin whitepaper […]

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