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
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
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
