Polymarket Partners Up With Elon Musk’s xAI
Shayne Coplan, the prediction market’s CEO, said that the two “truth-seeking apps” would be stronger together.
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Polymarket
Shayne Coplan, the prediction market’s CEO, said that the two “truth-seeking apps” would be stronger together.
The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.
The crypto market is predicting that Ousmane Dembélé, a striker for Paris Saint-Germain, will be bringing home 2025’s Ballon d’Or, … Continue reading
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The bet was resolved as ‘yes’ despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.
Caroline Pham, the agency’s acting chairman, is scheduling an experts roundtable to reset the CFTC’s course on this “sinkhole of legal uncertainty.”
The U.S. Commodity Futures Trading Commission is said to be seeking information about customers’ interactions with the prediction market site Polymarket.
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.
The new ban means French traders can no longer access the crypto powered prediction markets juggernaut.
A week after the election, crypto sentiment remains strong. Polymarket, bitcoin and a possibly more efficient and crypto-positive government are all tailwinds to look forward to.
What can offshore crypto companies practically do to stop Americans from accessing their services – and what do regulators expect them to do?