Traders rush to short Ether as Grayscale pulls its futures ETF plan
Just a 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application. Go to Source
Polymarket
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Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. … Read more
Presidential Election Betting Surges as Odds Tighten on Polymarket
The competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead with a 52% lead, while incumbent Joe Biden was at 33%. Current figures from Polymarket still place Trump in the lead, albeit by … Read more
Taiwan officials launch inquiry into crypto betting on election results: Report
Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election. Go to Source
Crypto predictions platform Polymarket fined $1.4M by CTFC
“All derivatives markets must operate within the bounds of the law regardless of the technology used,” said Acting Director of Enforcement Vincent McGonagle. Go to Source Powered by WPeMatico
CFTC reportedly investigating decentralized prediction platform Polymarket
Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. Go to Source Powered by WPeMatico
Crypto prediction markets turn against Trump after first debate
Emerging Ethereum-powered predictions platform Polymarket produced six-figure volume amid the first presidential debates. Go to Source Powered by WPeMatico
