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According to Polymarket's latest betting campaign, participants are only 30% confident that Bitcoin (BTC) will reach the $100,000 mark by the end of the year. However, unexpectedly, another bet on the platform revealed that 21% believe that Bitcoin could jump to $150,000 by March 31, 2025.
According to The Big Whale, the French National Gaming Authority (ANJ) plans to ban Polymarket's access license in the country. Although Polymarket operates with cryptocurrency, it is still a gambling activity in nature and is considered illegal under French law. The ANJ has said it is reviewing the platform's compliance and plans to restrict its access in France through means such as domain name blocking.
Betting on the 2024 US Presidential Election by prediction platform Polymarket has topped $1 billion. Vice President Kamala Harris has a 51% chance of winning, with a total bet of nearly $154 million, followed by Republican candidate Donald Trump with a 48% chance of winning, with a bet of about $163 million. In addition, users have also bet on other Republican or Democratic candidates to win, but these odds are relatively low.
The CFTC warned of an "imminent outbreak of election betting" and asked the appeals court to extend the suspension of Kalshi's political prediction market. "The district court's order has been interpreted by Kalshi and others as an open season for election betting," the CFTC said in a filing on Saturday. Recently, U.S. District of Columbia Federal Judge Jia Cobb...
Traders are betting on stronger Treasury yields and the dollar, betting that Trump 2.0 will lead to inflation. But the trade has lost momentum in recent weeks as Democratic nominee Harris has turned the race upside down and erased Trump's advantage in the polls. The Bloomberg Dollar Spot Index has fallen nearly 2% so far in August as traders prepare for the Fed pivot, its biggest drop since markets prematurely prepared for the Fed pivot late last year. Still, this...
According to Dune Analytics, bets accounted for more than a third of the total over the past 30 days, with Polymarket seeing more than $350 million in July.
The US Presidential Election has sent an influx of bets into cryptocurrency betting site Polymarket, so it is upgrading its platform to handle surging bet money. Polymarket will begin adopting software from Miami-based MoonPay, which allows users to pay for bets using bank transfers and credit cards. Currently, punters buy stablecoin USDC on cryptocurrency exchanges and transfer it to Polymarket before placing their bets.
According to the chain detective ZachXBT monitoring, yesterday evening online gambling platform Sportsbet suspected to be the same by BtcTurk hackers, losses of more than 3.50 million dollars. Earlier yesterday, Turkish cryptocurrency exchange BtcTurk announced that its platform had been hit by a cyber attack on June 22. The attack affected some balances in hot wallets of 10 cryptocurrencies, but most of the assets were stored in safe cold wallets. BtcTurk said its financial strength was suffici...
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