Thu, November 7

Polymarket at Risk of Ban in France After 2024 US Election

The blockchain-based prediction market platform Polymarket, known for its role in the U.S. presidential elections, is facing mounting scrutiny from French gambling authorities.  The national gambling authority of France, Autorite Nationale des Jeux (ANJ), reportedly plans to ban Polymarket. It cites the platform’s operations as unlicensed gambling, which is prohibited

4 hours ago 2 mins read

Polymarket Sees $533M Trading Volume in September as US Election Draws Near

High levels of interest in the 2024 US presidential election and Middle Eastern geopolitical events drove September’s trading volume of $533.51 million on the blockchain-based prediction platform Polymarket. Moreover, this is an increase of $61.51 million over August’s $472 million, as reported by Dune Analytics. Also, the number of active

October 5, 2024 2 mins read

Vitalik Defends Polymarket Over Betting on Middle East Conflict

Ethereum co-founder Vitalik Buterin has stepped in to defend Polymarket, a decentralized prediction market, following criticism over its betting options related to the ongoing conflict in the Middle East, particularly concerning Hezbollah. The platform features bets on significant events, such as potential Israeli military actions and ceasefires, which some critics

October 1, 2024 2 mins read

Polymarket Targets $50M Funding with Hints of a Token Launch

Polymarket, a blockchain-based prediction market, is reportedly in discussions to secure over $50 million in new funding, as reported by The Information. The platform is also exploring the possibility of launching a dedicated token, which could enhance its betting market functionality. If successful, this token is anticipated to be a

September 24, 2024 2 mins read

CFTC Warns Prediction Markets Are Vulnerable to Manipulation

The Commodity Futures Trading Commission (CFTC) has raised serious concerns about the potential for manipulation in prediction markets, particularly in light of recent Kalshi events. In a new filing with the U.S. Court of Appeals for the D.C. Circuit on September 14th, the CFTC argued that these markets, which allow

September 16, 2024 2 mins read

Vitalik Buterin Strongly Disagrees Polymarket’s Categorization Under Gambling

Vitalik Buterin, Ethereum’s co-founder, recently voiced his disagreement over the categorization of Polymarket as “gambling.” He believes that this characterization is a significant misunderstanding. According to Vitalik Buterin, prediction markets serve as valuable social epistemic tools, offering unbiased public insight into important events. Unlike traditional media, these markets provide a

August 26, 2024 2 mins read