As much as a third of the prediction market’s volume is inflated by traders acting as the buyer and seller — an yasa dışı practice in TradFi — on the same trades, Fortune reported. Some could be doing it to farm a future token airdrop.
U.S. listed spot ETF inflows continue to break records, as CME open interest spikes in the past 24 hours.
With a month to go before Election Day, Kalshi and Interactive Brokers have listed prediction markets on the race for the White House.
The self-described Bitcoin development company currently holds 252,220 bitcoins, but has more than $1 billion in dry powder with which to purchase additional tokens.
Expansionary policies by not just the Fed, but other küresel central banks, appear to be fueling asset price appreciation.
The prediction market would use the potential token “as a way for users to validate the outcome of real-world events,” the Information reported. It’s unclear what that would mean for UMA, the oracle Polymarket uses.
The U.S. securities regulator took a beating in a congressional hearing that was weighted against it, with a witness list of critics calling out the SEC for its fight against crypto firms.
Elections are not a form of “gaming,” so the agency should not have conducted a public review of Kalshi’s political prediction markets, the judge wrote.
Investment advisors held more than $4.7 billion worth of U.S.-based spot bitcoin exchange-traded funds as of the end of the second quarter.
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.
