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Polymarket
Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as U.S.-based spot bitcoin (BTC) exchange-traded funds registered cumulative outflows of $4.3 million, extending the four-day run of withdrawals ahead of the halving. Plus, traders on Polymarket bet on the number of potential Fed rate cuts this year and Tether expands its USDT to the TON Network.
Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year
The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.
Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets
Eigenlayer has a 66% chance of sending users free tokens by June 30, the odds on Polymarket signal. Plus: Kalshi lands a big Wall Street account.
Bitcoin Back Down to $66K as Rising Treasury Yields Catch Investor Interest
Prediction markets and CME's Fed Watch Tool have virtually ruled out a rate cut until later this year
Who Will Trump Pick for Veep? Polymarket Gives Tim Scott Best Odds: Prediction Markets
Plus: Free money? "Democrat wins New York" contract trades at 90 cents on the dollar.
How Many Years Will SBF Get? Jury's Out on Betting Platform Polymarket
Plus: Tesla's delivery numbers will fall short of record, Kalshi traders signal; "Ghostbusters" fandom underestimated.
Nearly $100M Wagered on U.S. Presidential Election on Polymarket
Bettors on the crypto-based prediction market platform see a clear path to victory for Trump, and are bullish on Ethereum's ETH hitting an all-time high in 2024 – just not before Solana's SOL.
U.S. CFTC's Behnam Says Agency Writing New Policy on Prediction Markets
Companies such as PredictIt and Kalshi would get "regulatory clarity" under rule in coming months, according to the chairman of the derivatives regulator.
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?"
Traders on Decentralized Betting Platform Polymarket Expect 49ers to Win Super Bowl
Bettors on decentralized prediction platform Polymarket are putting their money where their mouth is when it comes to this year’s Super Bowl. On the platform, the San Francisco 49ers are currently winning by a hair over the Kansas City Chiefs. Polymarket head of global markets Harry Jones joins "First Mover" to discuss.