Polymarket Wager Shows Trump Taking the Lead in Nail-Biting 2024 Election Bet

August 22, 2024 Bitcoin.com

2024 election

On Aug. 22, 2024, Polymarket odds showed former President Donald Trump leading in the prediction market that pits him against Kamala Harris for the 2024 presidential election. As of 8:19 a.m. EDT on Thursday, Trump held a 53% chance of victory, edging out Harris, who currently sits at 46%. Polymarket and Several Other Betting Platforms […]

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Pandemic Fears Ignite as Mpox Outbreak Leads to High-Stakes Betting on Polymarket

August 17, 2024 Bitcoin.com

Betting

Recently, Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO), officially declared that the Mpox outbreak, commonly known as monkeypox, is now a public health emergency of international concern. Following this announcement, Polymarket users have started placing bets on whether Mpox will be categorized as a pandemic in 2024. Polymarket Bettors Give […]

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Vega Protocol Launches Decentralized Prediction Market With Colosseo II Upgrade

August 11, 2024 Bitcoin.com

bitcoin.com

Vega 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 […]

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Polymarket’s Integrity Questioned Over Venezuelan Presidential Election Bet Outcome

August 9, 2024 Bitcoin.com

bitcoin.com

Polymarket, a cryptocurrency-based prediction market, has declared Edmundo Gonzalez, the opposition candidate, the winner of the Venezuelan presidential election bet. The decision, made days after the election, ignores the official results announced by the National Electoral Council (CNE), which proclaimed Maduro as president amidst fraud allegations from opposition leaders. This prompted several users to question […]

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Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts

August 9, 2024 Bitcoin.com

bitcoin.com

Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to the proposal, urging the CFTC to reconsider its stance, which the company argues could stifle innovation in the prediction markets. Coinbase Urges CFTC […]

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Several AI Chatbots Predict Trump Victory in 2024 Election, Two Decline to Answer

July 27, 2024 Bitcoin.com

2024 US Election

Over recent weeks, Bitcoin.com News has been covering prediction markets linked to the U.S. election. Our newsdesk also tested various artificial intelligence (AI) chatbots to forecast the prices of bitcoin, gold, and ethereum by the end of 2024. In this particular experiment, we consulted nine different AI chatbots to predict the U.S. election outcome between […]

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Trump’s Election Odds Continue to Surge Post-Assassination Attempt: Polymarket Bets Hit 71%

July 15, 2024 Bitcoin.com

2024 election

Immediately following the assassination attempt on former President Donald Trump, prediction market odds on Polymarket saw Trump’s chances of winning the election rise to 68%. Days after the event, Trump’s odds have continued to rise with the chances of winning the 2024 general election up to 71%. Trump’s Polymarket Odds Reach 71% Days After Attempted […]

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

June 28, 2024 Bitcoin.com

2024 election

Following 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

June 26, 2024 Bitcoin.com

bitcoin.com

Following 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

May 7, 2024 Bitcoin.com

bitcoin.com

According 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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