Prediction market traders bet bitcoin’s selloff has further to run
Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.
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Prediction Markets
Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.
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U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig.
Rep. James Comer is demanding internal records from the prediction market CEOs, warning that government employees could be using classified information to make “huge profits”.
Polymarket has gone dark in India and as per local media reports, Kalshi could be next.
Bubblemaps investigators led by Nicolas Vaiman, discovered 80 bets on Polymarket with a 98% win rate that he said is statistically impossible to achieve.
Sports betting on firms such as Kalshi was the focus of questions over advertising to children, cheating from athletes and undermining regulated gaming.
Spokesperson for regulator denies that it put pressure on ARIA Resort & Casino for hosting Predict 2026
Chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren’t just betting but that they’re derivatives.
Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases to cement its authority.