Prediction Markets


Policy

Trump's CFTC Head Slams Prediction Markets Resistance Under Predecessor

Caroline Pham, the agency's acting chairman, is scheduling an experts roundtable to reset the CFTC's course on this "sinkhole of legal uncertainty."

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

Policy

Polymarket's Customer Data Sought by CFTC Subpoena of Coinbase, Source Says

The U.S. Commodity Futures Trading Commission is said to be seeking information about customers' interactions with the prediction market site Polymarket.

U.S. Commodity Futures Trading Commission Chairman Rostin Behnam

Tech

Shayne Coplan: He Took Prediction Markets Mainstream

In so doing, Polymarket's founder demonstrated a real-world consumer use case for crypto, earning him a spot on CoinDesk's Most Influential 2024 list.

(Pudgy Peguins)

Policy

Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing

Kalshi blasted the regulator’s attempt to create a “Goldilocks” definition of gaming that would include elections as “arbitrary, outcome-driven gerrymandering with no basis in the statute," in its ongoing defense against the CFTC's move to ban its prediction markets.

U.S. Commodity Futures Trading Commission Chairman Rostin Behnam

News Analysis

Polymarket Trader Loses Millions on Tyson After Making Bank on Trump

Plus: the market is not confident if Matt Gaetz will be confirmed as Trump's attorney general.

ARLINGTON, TEXAS - NOVEMBER 15: Jake Paul throws a left on Mike Tyson during a heavyweight bout at AT&T Stadium on November 15, 2024 in Arlington, Texas. (Photo by Christian Petersen/Getty Images)

Finance

Polymarket CEO's Home Is Raided by FBI

"This is obvious political retribution," said a Polymarket spokesperson. Bloomberg reported that DOJ is investigating the company for letting U.S. users access the site.

Markets – Consensus: Distributed

Policy

French Regulator Says It's 'Examining' Polymarket

The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election

France election (Pourya Gohari / Unsplash)

Markets

Polymarket Projects a GOP House, Clinching Trump Trifecta

If the prediction market is right — and lately, it's been right — the election results are even more bullish for crypto than they appear.

NEW YORK, NEW YORK - NOVEMBER 5: An electronic ticker posts voting results in Times Square on November 5, 2024 in New York City. Americans cast their ballots today in the presidential race between Republican nominee former President Donald Trump and Democratic nominee Vice President Kamala Harris, as well as multiple state elections that will determine the balance of power in Congress. (Photo by Robert Nickelsberg/Getty Images)

Finance

Polymarket, Prediction Betting Markets Vindicated by Trump's Strong Showing

Tuesday night's election returns were a shocker if you only watched CNN. But not if you'd looked at the betting all along.

Polymarket founder and CEO Shayne Coplan at CoinDesk's Consensus 2024.

Finance

U.S. Election Betting: Polymarket 'Manipulation' Claims Miss the Mark

The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.

WASHINGTON, DC - NOVEMBER 03:  People cast their votes at an early voting site at the Martin Luther King Jr. Memorial Library on November 03, 2024 in Washington, DC. The Nation’s Capitol is bracing for protests and potential unrest with a contentious Election Day looming on the horizon. (Kent Nishimura/Getty Images)