U.S. Election Betting: Regulated Presidential Markets Are Live, and Tiny Compared to Polymarket’s
With a month to go before Election Day, Kalshi and Interactive Brokers have listed prediction markets on the race for the White House.
US Elections
Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan
Geopolitical risk fueled by conflict in the Middle East and the upcoming U.S. election are likely to reinforce the debasement trade, to the benefit of both bitcoin and gold, the report said.
U.S. Election Betting: Kalshi Preps Presidential Prediction Markets After Re-Launching Congressional Contracts
The CFTC “has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal,” an appeals court said, clearing the prediction market to resume listing the contracts.
Trump Inches Closer to Harris on Polymarket as Betting Passes $1 Billion
Kamala Harris only leads by one percentage point, but is set to carry most of the swing states.
Crypto PACs Dominate Ohio Senate Race, Spending $40M on Sherrod Brown’s Foe
The colossal campaign spending from the cryptocurrency industry is showing up in dominant fashion in Ohio’s U.S. Senate race, where its political action committees have devoted $40 million to support Republican Bernie Moreno’s opposition of Sen. Sherrod Brown (D-Ohio), the crypto-skeptical chairman of the Senate Banking Committee.
Polymarket Reportedly Seeks $50M in Funding, Mulls Token as Election Bets Surge
Investors in the proposed round would get warrants to buy tokens in the event the prediction market decides to issue one, The Information reported.
Caroline Ellison Most Likely Won’t Serve Time, Polymarket Traders Bet
The market is skeptical about Qualcomm’s Intel deal; prediction markets were the talk of the town at Token2049 in Singapore.
Prediction Markets Go to Washington(‘s Appeals Court)
The CFTC is working to ban political prediction markets. Its current goal: Get a federal appeals court to keep one from launching while it argues a judge was mistaken in overturning its rejection of Kalshi.
U.S. Election Betting: CFTC, Kalshi Both Grilled by Judges in Appeals Court
A panel of judges grilled attorneys for the U.S. Commodity Futures Trading Commission and prediction-betting platform Kalshi over the company’s efforts to launch political prediction markets in the U.S., without indicating whether they’d allow Kalshi to offer these products while reviewing a lower court’s ruling on the products.
Trump Buys Burgers With Bitcoin at NYC Crypto Hangout PubKey
Former president reportedly bought burgers using bitcoin at the crypto-themed bar.