Betting

Polymarket Bettors Punt $1.1B on Superbowl Results, Despite Regulatory Overhang

The Philadelphia Eagles won the Superbowl, but the Kansas City Chiefs were the early favorite on Polymarket.

By Sam ReynoldsFeb 10, 2025

A football placed on a field. (Dave Adamson/Unsplash)

Coinbase-Backed Vega Gets Into Prediction-Market Race, Chasing Polymarket

A major upgrade to Vega's blockchain and decentralized perpetuals exchange will allow users to bet on the outcomes of future events.

By Sam KesslerAug 8, 2024

The rise of blockchain-based prediction markets has turned clairvoyance into a gambling activity. (Tomasz Lusiak/Creative Commons)

Tech

Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom

MetaDAO, a Solana experiment in governance by "futarchy," raised a total of $2.2 million to fund operations.

By Danny NelsonAug 1, 2024

Sporting a black hoodie, the pseudonymous coder known as Proph3t works in a Salt Lake City hacker house. (Danny Nelson/CoinDesk)

Markets

Crypto Bettors Lay 17% Odds on Donald Trump in Jail Before Election Day

Gamblers have placed almost $900,000 in bets on the “Trump in jail before election day?” market on the predictions application Polymarket.

By Shaurya MalwaMay 31, 2024

(Shaleah Craighead/Wikimedia Commons, modified by CoinDesk)

Markets

MOON Holder Makes 550% on Predictions Platform Polymarket as Bitcoin Moves Above $50K

The trader had bought the Yes side shares of the now-expired Polymarket-based betting contract "Will BTC hit $50,000 in February?"

By Omkar GodboleFeb 13, 2024

Bitcoin could hit a new record high in two months. (Kurt Cotoaga/Unsplash)

Markets

'Deniers Are Crypto's Flat Earthers' as Markets Flash 83% Odds of Bitcoin ETF Approval

The popular Polymarket market bet “Bitcoin ETF approved by Jan 15?” has attracted almost $1 million in volume from hundreds of users.

By Shaurya MalwaJan 4, 2024

Speculators are overwhelmingly betting on bitcoin ETF approval by Jan. 15. (Pixabay)

Tech

Rollbit Recorded $38M in September Betting Revenues, RLB Token Climbs

Over 1.2% of the token’s supply was destroyed, a co-founder said.

By Shaurya MalwaOct 3, 2023

Crypto casino Stake hit by $45 million exploit. (Carl Raw/Unsplash)

Policy

After GOP Debate, Blockchain Bettors See Ramaswamy as Most Formidable Trump Challenger

Betting lines didn’t change much as a result of Wednesday’s debate, but the Bitcoin-friendly entrepreneur has edged out Florida governor Ron DeSantis this past week in the GOP’s race for second place.

By Sam KesslerAug 24, 2023

Vivek Ramaswamy co-founded Strive Asset Management (Frederick Munawa)

Policy

CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress

The U.S. derivatives regulator has scheduled a June 26 meeting to discuss starting another review to evaluate whether to approve Kalshi’s event contracts.

By Jesse HamiltonJun 16, 2023

Kalshi will have a prediction contract weighed by the Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)

Finance

Gaming Studio Bitblox to Build On-Chain Games for $68B Online Gambling Industry

Bitblox Games will exclusively build crypto games on the Hxro Network, a Solana-based distributed liquidity layer for betting applications.

By Sage D. YoungMay 4, 2023

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