Polygon is considering a hard fork that would transfer approximately 70.49 million POL, worth around $6.5 million at the reference price used in the proposal, from five blocked addresses to recovery wallets designated by Binance and Polymarket. The Polygon Improvement Proposal (PIP) was published on the network’s community forum on
Blockchain.com and Binance US are seeking U.S. regulatory approval to offer prediction markets, joining a growing group of cryptocurrency companies looking to expand beyond traditional digital asset trading. According to a Financial Times report published on October 21, Binance US recently applied to the U.S. Commodity Futures Trading Commission (CFTC)
Kalshi is in advanced talks to raise approximately $1 billion in fresh capital at a valuation of around $40 billion, an 82% jump from the $22 billion valuation it commanded just three months ago in its May financing round. The deal is expected to close in the coming weeks, with
Prediction markets keep drawing more traders from around the world. The new studies by scholars have revealed that there might be specific contractual designs. These would inadvertently favour such strategic behaviour of market participants. Scholars from Stanford University and Singapore Management University studied five-minute Bitcoin prediction contracts traded on Polymarket.
The largest prediction market platform, Polymarket, is not a place where people bet on elections anymore. The platform is making a deliberate push toward institutional territory. On July 3, Polymarket filed an application through its affiliate, Coming Home GBA LLC, to operate as a futures commission merchant with the National
The platform for predicting market users impacted by a website exploit that led to the theft of about $3 million in cryptocurrency assets will receive full reimbursement from Polymarket. The claim is that, instead of an issue with the underlying architecture of the platform, the incident was due to malware
Prediction market platforms Kalshi and Polymarket have planned to launch new rules to curb insider trading and market manipulation as regulatory pressure from Capitol Hill boosts. The March 23 blog post includes the statement of Kalshi, which mentions that it has rolled out new screening tools to block potential candidates
The largest prediction market, Polymarket, has publicised that it is acquiring Brahma, a crypto startup offering decentralised finance (DeFi) infrastructure. As per the announcement on March 18, Brahma mentioned that as part of this transition, our team will commit itself to evolving Polymarket’s stack and product suite. Brahma was rolled
Argentina’s authorities have blocked Polymarket across the country after a ruling by a Buenos Aires court. It declared that it operated illegally and outside the country’s legal framework and regulations regarding gambling. The country’s authorities have asked ENACOM to impose a blockade against Polymarket by internet service providers. The limited
Users of the crypto prediction market Polymarket reportedly intimidated journalist Emanuel Fabian to modify his story on the Iranian missile attack incident. Fabian reported that a missile had struck an open area in Beit Shemesh. However, there were no casualties in the attack. The story was based on the information
