The partnership aims to use Grok’s AI to analyze real-world events for Kalshi’s regulated prediction markets.
Elon Musk’s xAI is bringing its Grok LLM to CFTC-regulated prediction market Kalshi, which raised $185 million at a $2 billion valuation in June.
Polymarket would create its own stablecoin to own the yield-generating USD reserves that back the amount of Circle’s dollar-pegged token, USDC, a source said.
Significant legal challenges would arise from an attempt to remove Fed chair Jerome Powell, but Polymarket bettors are warming to the idea – even if it's still a longshot.
The FBI raided Polymarket founder Shayne Coplan's home last year.
In the wake of UMA’s controversial ruling on whether Volodymyr Zelenskyy wore a suit, one of Polymarket’s top traders says the dispute system is broken, and is costing the platform users.
Polymarket, a crypto-based betting platform, has recently been involved in two controversies surrounding its resolution system, raising questions about the reliability of decentralized dispute mechanisms. One controversy centers on a $200 million bet on whether Ukrainian President Volodymyr Zelensky would wear a suit before the end of June. The wager’s outcome has sparked debate about […]
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The disputed resolution reignites a debate about the fairness of UMA's governance protocol.
Perceived odds of a U.S. recession peaked at 66% back in April as Wall Street banks were raising red flags, yet they have since plunged as trade negotiations advanced.
Polymarket’s growth fuels USDC demand, with stablecoins driving high-velocity settlement activity.
Crypto-based prediction markets are signaling that impeachment odds for US President Donald Trump remain low, despite a formal push in Congress. According to data from Polymarket, crypto bettors estimate that there is just a 6% chance that Trump will face impeachment proceedings in the US House of Representatives before the end of 2025. This marks […]
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Peter Thiel’s Founders Fund leads the round, and the $200 million includes $50 million in previously unannounced funding.
The financing could suggest renewed investor interest in prediction markets after the trading frenzy spurred by the presidential election.
BTC held above $100K, continuing its boring multi-week rangeplay.
Odds of U.S. military strike against Iran before July slide.
The Israel-Iran conflict has triggered a wave of speculation across the crypto sector, with traders pouring millions into prediction markets. On Polymarket, a decentralized platform that allows users to wager on real-world outcomes, betting volume linked to the crisis has now exceeded $7 million across over 20 markets. Tensions escalated sharply on June 13 when […]
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Shayne Coplan, the prediction market's CEO, said that the two "truth-seeking apps" would be stronger together.
Fewer active addresses are trading as the creation explodes, which could indicate a shift toward a more concentrated user base of creators.
The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.
Political betting platforms show Mark Carney leading with a 78% chance of becoming Canada's next Prime Minister, while Pierre Poilievre has a 22% chance.
Traders on Polymarket and Kalshi are pricing in an over-50% chance of a U.S. recession this year.
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.
Polymarket, the leading decentralized crypto prediction platform, faces backlash after resolving a politically charged market that directly conflicts with real-world developments. On March 25, Polymarket finalized a $7 million market that asked whether US President Donald Trump would secure a rare earth minerals agreement with Ukraine by the end of March. Despite no such deal […]
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BornTooLate.Eth has accumulated over 1.3 million UMA tokens to attack a Ukraine-themed market — but nobody has appeared to have made much money.
Multiple online community users said a $7 million Polymarket bet was unfairly influenced by a whale that held significant voting power.
Research shows that Polymarket is 90% accurate in predicting how events will occur one month out, and 94% four hours before the event occurs.
Howard Lutnick told Fox Business that President Donald Trump is willing to 'meet in the middle' on tariffs, but not eliminate them entirely – yet.
Crypto bettors on the decentralized marketplace Polymarket are betting on the possibility that Kanye West, now known as Ye, will launch a crypto token this month. Market odds currently place the chances of such a token at 76%, reflecting a significant surge of nearly 55% in the past 24 hours. This surge follows reports suggesting […]
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The sustained increase in active traders following the U.S. election suggests potential for broader market interest beyond political events.
Caroline Pham, the agency's acting chairman, is scheduling an experts roundtable to reset the CFTC's course on this "sinkhole of legal uncertainty."