3 days ago
Bettors on Polymarket, the cryptocurrency-based prediction market, put the chance of Bitcoin dropping to $75,000 before the end of September at about 51%.
The same market gives the world's largest cryptocurrency a 70% chance of climbing back to $80,000 within the month, pointing to a choppy few weeks rather than a clear trend.
Bitcoin was trading just below $77,000 on Friday, down more than a third from the record high near $126,000 it set last October.
The wagering reflects a bruising September, a month traders nickname "Rektember" for its habit of delivering losses.
Prices have fallen steadily since 4 September, slipping below $80,000 and then $76,000 as investors braced for tighter monetary policy.
#Cryptocurrency #month
The same market gives the world's largest cryptocurrency a 70% chance of climbing back to $80,000 within the month, pointing to a choppy few weeks rather than a clear trend.
Bitcoin was trading just below $77,000 on Friday, down more than a third from the record high near $126,000 it set last October.
The wagering reflects a bruising September, a month traders nickname "Rektember" for its habit of delivering losses.
Prices have fallen steadily since 4 September, slipping below $80,000 and then $76,000 as investors braced for tighter monetary policy.
#Cryptocurrency #month
3 days ago
Coinbase (COIN) dropped sharply when the CLARITY Act failed its Senate vote as Bitcoin barely moved, proving the bill served exchanges, not the coin.
Circle (CRCL) sold off alongside COIN while Polymarket prices Bitcoin reaching $95,000 by December at just 26%, well below Wall Street's bullish targets.
Grok flags October's Fed hike as Bitcoin's real gate, arguing that if it proves to be the last, returning ETF inflows could bring $100,000 within reach as a stretch target.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Coinbase (NASDAQ:COIN) and Circle (NYSE:CRCL) both fell sharply after the September 15 Senate cloture vote failed to advance the CLARITY Act, while Bitcoin (CRYPTO:BTC) barely moved.
#Coinbase #circle
Circle (CRCL) sold off alongside COIN while Polymarket prices Bitcoin reaching $95,000 by December at just 26%, well below Wall Street's bullish targets.
Grok flags October's Fed hike as Bitcoin's real gate, arguing that if it proves to be the last, returning ETF inflows could bring $100,000 within reach as a stretch target.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Coinbase (NASDAQ:COIN) and Circle (NYSE:CRCL) both fell sharply after the September 15 Senate cloture vote failed to advance the CLARITY Act, while Bitcoin (CRYPTO:BTC) barely moved.
#Coinbase #circle
3 days ago
Polymarket has hired Jacob Horne, the co-founder of Zora, the app behind Coinbase's failed creator-coin experiment, to rebuild its onchain trading product. Chief executive Shayne Coplan announced the move Thursday.
Horne left Zora eight days ago after more than six years running it. His new job sets him against Kalshi, the exchange that now powers Coinbase's own prediction markets across the United States.
Polymarket runs two venues:
Traders outside the US use a market that settles on the Polygon blockchain, a corner of the industry known as Decentralized Finance (DeFi).
Americans use a separate exchange licensed by the Commodity Futures Trading Commission (CFTC).
#shayne
Horne left Zora eight days ago after more than six years running it. His new job sets him against Kalshi, the exchange that now powers Coinbase's own prediction markets across the United States.
Polymarket runs two venues:
Traders outside the US use a market that settles on the Polygon blockchain, a corner of the industry known as Decentralized Finance (DeFi).
Americans use a separate exchange licensed by the Commodity Futures Trading Commission (CFTC).
#shayne
5 days ago
Bitcoin (BTC) dipped by 3.2% yesterday, following news that a procedural vote on the Clarity Act in the U.S. Senate failed to meet the required threshold.
With 49 votes in favor, 11 less than the minimum established to move the bill to the main floor, the Clarity Act has now been shelved for what remains of the year.
Republicans made a few amendments to the bill in the past few days to entice Democrats, but apparently failed to ease their concerns regarding the ethical provisions they were demanding.
Most other cryptocurrencies experienced strong declines following the news, but seem to be starting to recover this morning.
Truth be told, the market had already priced in that the Clarity Act would not be passed this year. Odds in Polymarket have been collapsing for months, although they recovered to 30% last week ahead of this key vote.
#clarity #following #bill
With 49 votes in favor, 11 less than the minimum established to move the bill to the main floor, the Clarity Act has now been shelved for what remains of the year.
Republicans made a few amendments to the bill in the past few days to entice Democrats, but apparently failed to ease their concerns regarding the ethical provisions they were demanding.
Most other cryptocurrencies experienced strong declines following the news, but seem to be starting to recover this morning.
Truth be told, the market had already priced in that the Clarity Act would not be passed this year. Odds in Polymarket have been collapsing for months, although they recovered to 30% last week ahead of this key vote.
#clarity #following #bill
5 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A Federal Reserve rate hike is largely priced in for Wednesday, but JPMorgan says the S&P 500 could still swing anywhere from 1% higher to 2% lower depending on how Chair Kevin Warsh frames the move.
A surprise decision to hold rates steady could prove painful. JPMorgan Chase & Co. (NYSE:JPM) estimates the index could fall 1.25% to 1.75% if the Fed leaves rates unchanged.
Polymarket traders put the chance of a 25-basis-point hike at 89% Wednesday morning, compared with 11% for no change, with roughly $193 million traded on the decision.
JPMorgan argues that an unexpected hold could raise doubts about the Fed's willingness to contain inflation, potentially pushing longer-term Treasury yields higher as investors demand more compensation for inflation risk.
#wednesday #hike #higher #finance
A Federal Reserve rate hike is largely priced in for Wednesday, but JPMorgan says the S&P 500 could still swing anywhere from 1% higher to 2% lower depending on how Chair Kevin Warsh frames the move.
A surprise decision to hold rates steady could prove painful. JPMorgan Chase & Co. (NYSE:JPM) estimates the index could fall 1.25% to 1.75% if the Fed leaves rates unchanged.
Polymarket traders put the chance of a 25-basis-point hike at 89% Wednesday morning, compared with 11% for no change, with roughly $193 million traded on the decision.
JPMorgan argues that an unexpected hold could raise doubts about the Fed's willingness to contain inflation, potentially pushing longer-term Treasury yields higher as investors demand more compensation for inflation risk.
#wednesday #hike #higher #finance
5 days ago
If online prediction markets are correct, the Democrats are likely to win back the House and Senate in November. On Polymarket, there's currently a 53% chance of a Democratic sweep.
If you're a crypto investor, that outcome could have important consequences for your portfolio. That's especially the case if Democrats delay, roll back, or block important pro-crypto legislation. With that in mind, here's one crypto to buy and one crypto to sell.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
My one crypto to buy is Bitcoin (CRYPTO: BTC). It is still the most popular cryptocurrency, accounting for a whopping 60% of the crypto market's total $2.6 trillion market cap. As Bitcoin goes, so goes the crypto market.
As a result, Bitcoin currently has the support of both Wall Street and the White House, so any political fallout from the midterm elections in the event of a Democratic sweep should be minimal. Regulators already agree that Bitcoin is a commodity, not a security. Thus, even if the Clarity Act does not pass this year, it shouldn't have a direct impact on the regulatory status of Bitcoin and how institutional investors view it.
#NVIDIA #flashing #total
If you're a crypto investor, that outcome could have important consequences for your portfolio. That's especially the case if Democrats delay, roll back, or block important pro-crypto legislation. With that in mind, here's one crypto to buy and one crypto to sell.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
My one crypto to buy is Bitcoin (CRYPTO: BTC). It is still the most popular cryptocurrency, accounting for a whopping 60% of the crypto market's total $2.6 trillion market cap. As Bitcoin goes, so goes the crypto market.
As a result, Bitcoin currently has the support of both Wall Street and the White House, so any political fallout from the midterm elections in the event of a Democratic sweep should be minimal. Regulators already agree that Bitcoin is a commodity, not a security. Thus, even if the Clarity Act does not pass this year, it shouldn't have a direct impact on the regulatory status of Bitcoin and how institutional investors view it.
#NVIDIA #flashing #total
5 days ago
What happened: Bitcoin (BTC-USD) fell 4% to hover below $76,000 on Tuesday.
What's behind the move: The world's largest cryptocurrency lost ground ahead of a Fed decision this week, and as the CLARITY Act struggled to clear a cloture vote in the Senate.
Hopes of securing the 60 votes needed to proceed faded ahead of the afternoon vote as Republicans and Democrats remained divided over the latest version of the bill.
Polymarket bettors gave the bill a 5% chance of becoming law this year. Investors now fear it will be shelved until after the midterm elections and potentially pushed to 2029.
The crypto market has been closely following the bill aimed at establishing a comprehensive federal framework for digital ****** et markets.
#bill #ahead #hopes
What's behind the move: The world's largest cryptocurrency lost ground ahead of a Fed decision this week, and as the CLARITY Act struggled to clear a cloture vote in the Senate.
Hopes of securing the 60 votes needed to proceed faded ahead of the afternoon vote as Republicans and Democrats remained divided over the latest version of the bill.
Polymarket bettors gave the bill a 5% chance of becoming law this year. Investors now fear it will be shelved until after the midterm elections and potentially pushed to 2029.
The crypto market has been closely following the bill aimed at establishing a comprehensive federal framework for digital ****** et markets.
#bill #ahead #hopes
6 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
ARK Invest founder Cathie Wood called warnings that artificial intelligence could wipe out humanity "ridiculous," while welcoming the industry's push to slow advances at the AI frontier so safety measures can catch up.
Wood also expects President Donald Trump to block new federal rules. Polymarket traders currently give a qualifying U.S. AI safety law just a 19% chance of being enacted before 2027, on about $114,000 in trading.
Wood called the industry's slowdown pledge a "positive step." Drawing on her experience investing through the tech and telecom bubble, she said she welcomed industry leaders publicly confronting AI's risks.
"Half of the solution is understanding the problem," Wood told Reuters.
#called #safety #donald
ARK Invest founder Cathie Wood called warnings that artificial intelligence could wipe out humanity "ridiculous," while welcoming the industry's push to slow advances at the AI frontier so safety measures can catch up.
Wood also expects President Donald Trump to block new federal rules. Polymarket traders currently give a qualifying U.S. AI safety law just a 19% chance of being enacted before 2027, on about $114,000 in trading.
Wood called the industry's slowdown pledge a "positive step." Drawing on her experience investing through the tech and telecom bubble, she said she welcomed industry leaders publicly confronting AI's risks.
"Half of the solution is understanding the problem," Wood told Reuters.
#called #safety #donald
8 days ago
Azure crossed $100B annually with 43% growth, and Microsoft's commercial backlog surged 84% to $678B, explaining why markets shrugged off AI safety calls.
Progressive fell 5% and Sherwin-Williams dropped 12% over the past year as housing starts slid 12% and consumer sentiment hit a recessionary 55.
Trump's 'whoever wins, AI wins' framing directly counters Manchin's push for an executive order freezing AI IPOs until federal safeguards are established.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Microsoft didn't make the cut. Enter your email to see the names that beat MSFT. The report is free. Enter your email and see if any of your stocks made the cut.
Monday morning, hours after public radio spent its morning walking through an open letter asking the AI industry to slow itself down, President Trump told CNBC the opposite: "We're leading China in AI. We're the most sophisticated country in the world. And frankly, I want to keep it that way because whoever wins, AI wins." Ninety minutes later, shares of Microsoft (NASDAQ:MSFT) were changing hands at $498.70, and Polymarket bettors were pricing 84.5% odds that the stock would close green.
#msft #whoever #stocks #morning
Progressive fell 5% and Sherwin-Williams dropped 12% over the past year as housing starts slid 12% and consumer sentiment hit a recessionary 55.
Trump's 'whoever wins, AI wins' framing directly counters Manchin's push for an executive order freezing AI IPOs until federal safeguards are established.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Microsoft didn't make the cut. Enter your email to see the names that beat MSFT. The report is free. Enter your email and see if any of your stocks made the cut.
Monday morning, hours after public radio spent its morning walking through an open letter asking the AI industry to slow itself down, President Trump told CNBC the opposite: "We're leading China in AI. We're the most sophisticated country in the world. And frankly, I want to keep it that way because whoever wins, AI wins." Ninety minutes later, shares of Microsoft (NASDAQ:MSFT) were changing hands at $498.70, and Polymarket bettors were pricing 84.5% odds that the stock would close green.
#msft #whoever #stocks #morning
8 days ago
Good morning. Stocks fell on Monday as oil prices jumped ahead of a key Fed meeting this week.
(BZ=F) crude rose to $109 per barrel, stoking worries of persistent inflation as diesel prices remain above an all-time high of $6 per gallon.
Bond yields remained elevated, with the 10-year Treasury (^TNX) just a few basis points away from the 5% threshold.
The 2-year yield to 4.64%, signaling that markets expect Fed policymakers to raise rates. Investor bets that the Federal Reserve will hike rates on Wednesday stood at 80% on Polymarket.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
#year #good
(BZ=F) crude rose to $109 per barrel, stoking worries of persistent inflation as diesel prices remain above an all-time high of $6 per gallon.
Bond yields remained elevated, with the 10-year Treasury (^TNX) just a few basis points away from the 5% threshold.
The 2-year yield to 4.64%, signaling that markets expect Fed policymakers to raise rates. Investor bets that the Federal Reserve will hike rates on Wednesday stood at 80% on Polymarket.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
#year #good
11 days ago
Sydney Sweeney is facing scrutiny yet again for appearing nude in a commercial for Novig, a sports trading app and prediction market. But she's just one more celebrity getting heat for using their image to promote these platforms.
The new Novig ad features Sweeney posing nude with a variety of sports equipment covering herself. It's a play on the fact that, unlike other prediction markets such as Polymarket and Kalshi, Novig — which launched nationwide last month — is only about betting on sports, not world events, politics, or "wars or deaths" as Sweeney says in the ad.
"Think you know sports? Prove it. Novig is just sports. So they wanted to show just sports," Sweeney says in the ad while perched atop a basketball hoop naked to seemingly show how stripped down Novig is.
Given the scrutiny Sweeney has received in the past over her ads for American Eagle jeans and soap made from her "used bathwater," it may come as no surprise that the Euphoria actor is once again raising eyebrows. In comments on her Instagram page, Sweeney was criticized for using her body to promote the prediction market.
"This is sad at this point," one person wrote. "Can't sell or be a normal girl if she doesn't use her body as a tool. **** ualizing sports like this is crazy."
#sports #prediction #promote
The new Novig ad features Sweeney posing nude with a variety of sports equipment covering herself. It's a play on the fact that, unlike other prediction markets such as Polymarket and Kalshi, Novig — which launched nationwide last month — is only about betting on sports, not world events, politics, or "wars or deaths" as Sweeney says in the ad.
"Think you know sports? Prove it. Novig is just sports. So they wanted to show just sports," Sweeney says in the ad while perched atop a basketball hoop naked to seemingly show how stripped down Novig is.
Given the scrutiny Sweeney has received in the past over her ads for American Eagle jeans and soap made from her "used bathwater," it may come as no surprise that the Euphoria actor is once again raising eyebrows. In comments on her Instagram page, Sweeney was criticized for using her body to promote the prediction market.
"This is sad at this point," one person wrote. "Can't sell or be a normal girl if she doesn't use her body as a tool. **** ualizing sports like this is crazy."
#sports #prediction #promote
11 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Barclays raised its year-end S&P 500 target to 7,950 Wednesday, betting stronger earnings and continued artificial intelligence spending can keep the rally going.
The bank lifted its target from 7,800 and raised its 2026 earnings-per-share forecast to $365 from $337, Reuters reported. The S&P 500 was trading around 7,625 Wednesday, leaving Barclays' target about 4% above current levels. The index is tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY).
Even after the upgrade, Barclays is still one of the more cautious voices on Wall Street. HSBC raised its target to 8,100 Tuesday, while UBS, Goldman Sachs and Citigroup also see the index finishing at or above 8,000.
Prediction traders are more skeptical. Polymarket puts roughly 40% on an S&P 500 finish above 8,000, while its contracts put more combined weight on the index ending below 7,500 than above 8,000.
#below
Barclays raised its year-end S&P 500 target to 7,950 Wednesday, betting stronger earnings and continued artificial intelligence spending can keep the rally going.
The bank lifted its target from 7,800 and raised its 2026 earnings-per-share forecast to $365 from $337, Reuters reported. The S&P 500 was trading around 7,625 Wednesday, leaving Barclays' target about 4% above current levels. The index is tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY).
Even after the upgrade, Barclays is still one of the more cautious voices on Wall Street. HSBC raised its target to 8,100 Tuesday, while UBS, Goldman Sachs and Citigroup also see the index finishing at or above 8,000.
Prediction traders are more skeptical. Polymarket puts roughly 40% on an S&P 500 finish above 8,000, while its contracts put more combined weight on the index ending below 7,500 than above 8,000.
#below
14 days ago
College football's opening week gave prediction market traders on Kalshi and Polymarket plenty of fun, intense moments. Week 2 arrives with fresh injuries and shaky performances shaping the numbers.
Kalshi and Polymarket have priced six games with noteworthy separation between favorite and underdog, but a few of those splits look wider than what showed up on the field last weekend. Here are picks on all six.
MORE: Kirk Herbstreit makes 2027 College Football Playoff National Championship pick
(College football) Boston College Eagles running back Evan ***** ens (23) carries the ball against the Cincinnati Bearcats in the second half at Nippert Stadium.
Friday, September 11, 7:30 p.m. ET
#college #kalshi #week
Kalshi and Polymarket have priced six games with noteworthy separation between favorite and underdog, but a few of those splits look wider than what showed up on the field last weekend. Here are picks on all six.
MORE: Kirk Herbstreit makes 2027 College Football Playoff National Championship pick
(College football) Boston College Eagles running back Evan ***** ens (23) carries the ball against the Cincinnati Bearcats in the second half at Nippert Stadium.
Friday, September 11, 7:30 p.m. ET
#college #kalshi #week
17 days ago
LeBron James teased a coming partnership with Polymarket on Saturday, becoming the latest name on a growing list of celebrities getting into business with the controversial prediction market industry.
"Welcome to Polymarket HQ. Coming soon," wrote James, captioning a 14-second video social media video that depicts him in an office elevator with floors labeled with names like "politics," "crypto," "culture" and "weather." The video ends with James smiling as he exits on the "sports" floor.
No other information about James' partnership with Polymarket has been disclosed, though the Athletic reports that it received a release from the platform saying more announcements will come Tuesday.
The partnership makes James the latest celebrity to tie themselves to the prediction market industry. The four-time NBA champion and founder of the SpringHill Company production banner, who is entering a record 24th season in the league, would be the first NBA athlete to sign a partnership with Polymarket. However, former champion and newly minted Miami Heat star Giannis Antetokounmpo announced a direct investment in rival platform Kalshi back in February. Additionally, tennis star Maria Sharapova and soccer legend Lionel Messi have both signed deals with Polymarket and Kalshi, respectively.
Prediction markets have looked to expand their profile outside of sports as well. In June, Timothée Chalamet was featured in a one-minute ad for Kalshi. Back in January, the Golden Globes broadcast featured an on-air partnership with Polymarket, displaying win probabilities for nominees that users could buy and sell predictions for and against on the platform.
#polymarket
"Welcome to Polymarket HQ. Coming soon," wrote James, captioning a 14-second video social media video that depicts him in an office elevator with floors labeled with names like "politics," "crypto," "culture" and "weather." The video ends with James smiling as he exits on the "sports" floor.
No other information about James' partnership with Polymarket has been disclosed, though the Athletic reports that it received a release from the platform saying more announcements will come Tuesday.
The partnership makes James the latest celebrity to tie themselves to the prediction market industry. The four-time NBA champion and founder of the SpringHill Company production banner, who is entering a record 24th season in the league, would be the first NBA athlete to sign a partnership with Polymarket. However, former champion and newly minted Miami Heat star Giannis Antetokounmpo announced a direct investment in rival platform Kalshi back in February. Additionally, tennis star Maria Sharapova and soccer legend Lionel Messi have both signed deals with Polymarket and Kalshi, respectively.
Prediction markets have looked to expand their profile outside of sports as well. In June, Timothée Chalamet was featured in a one-minute ad for Kalshi. Back in January, the Golden Globes broadcast featured an on-air partnership with Polymarket, displaying win probabilities for nominees that users could buy and sell predictions for and against on the platform.
#polymarket
18 days ago
Bitcoin was trading at $77,121 on Thursday, having clawed back much of its summer losses in a sharp August rally.
The cryptocurrency gained roughly 24% during August alone, rising from around $62,600 at the start of the month to a peak of $80,797 on August 25.
That rebound has reshaped betting on Polymarket, the prediction market platform, where traders wager on which price milestones Bitcoin will hit before the end of 2026.
The market, which has attracted $62.1 million in trading volume since launching in November 2025, currently prices a rise to $90,000 at 44%.
A move to $100,000 is priced at 22%, while $110,000 sits at just 13%. On the downside, traders **** ign an 87% probability to Bitcoin falling below $55,000 again before the year is out, reflecting the scars of a volatile summer.
#summer
The cryptocurrency gained roughly 24% during August alone, rising from around $62,600 at the start of the month to a peak of $80,797 on August 25.
That rebound has reshaped betting on Polymarket, the prediction market platform, where traders wager on which price milestones Bitcoin will hit before the end of 2026.
The market, which has attracted $62.1 million in trading volume since launching in November 2025, currently prices a rise to $90,000 at 44%.
A move to $100,000 is priced at 22%, while $110,000 sits at just 13%. On the downside, traders **** ign an 87% probability to Bitcoin falling below $55,000 again before the year is out, reflecting the scars of a volatile summer.
#summer
19 days ago
The combined trading volumes on prediction markets Kalshi and Polymarket fell 15% in August, the first decline in more than a year.
Combined monthly trading volumes at Kalshi and Polymarket fell 14.5% to $45.33 billion U.S. during August, the first month-over-month drop in a year.
Kalshi recorded $37.17 billion U.S. in trading volumes in August, while Polymarket saw $8.16 billion U.S. in bets placed on its platform.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#polymarket #combined #year
Combined monthly trading volumes at Kalshi and Polymarket fell 14.5% to $45.33 billion U.S. during August, the first month-over-month drop in a year.
Kalshi recorded $37.17 billion U.S. in trading volumes in August, while Polymarket saw $8.16 billion U.S. in bets placed on its platform.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#polymarket #combined #year
19 days ago
Key Takeaways
Polymarket says it is strengthening its systems for identifying insider trading and other suspicious activity ahead of the US midterm elections.
Nearly $12 million has been traded on whether the CLARITY Act will become law in 2026, although traders currently give it only a 15% chance.
Rival Kalshi has permanently banned former congressman George Santos over trades linked to his own State of the Union attendance.
Polymarket has pledged to intensify its crackdown on insider trading and other market misconduct as millions of dollars flow into politically sensitive prediction markets.
#nearly #george #santos
Polymarket says it is strengthening its systems for identifying insider trading and other suspicious activity ahead of the US midterm elections.
Nearly $12 million has been traded on whether the CLARITY Act will become law in 2026, although traders currently give it only a 15% chance.
Rival Kalshi has permanently banned former congressman George Santos over trades linked to his own State of the Union attendance.
Polymarket has pledged to intensify its crackdown on insider trading and other market misconduct as millions of dollars flow into politically sensitive prediction markets.
#nearly #george #santos
19 days ago
INDIANAPOLIS — Ball State's new starting quarterback, 5-10, 250-pound Keldric ****** er, has gained national attention for his size, but on Tuesday, online betting platform Polymarket posted what the football program says was a photoshopped image of ****** er, which majorly bloated his appearance.
The fake photo of ****** er on X resulted in backlash with people calling out Polymarket for the deception. Polymarket has since deleted the post. IndyStar reached out to the company, which describes itself as "the world's largest prediction market platform for real-time global events," but did not receive a response.
This is the company that ON3 got in bed with Fyi pic.twitter.com/Or3dAXzBJp
While ****** er and the Ball State football program declined to comment on the photo, Kevin Messenger, Ball State's ****** istant athletic director of communications, didn't mince words on social media.
"PolymarketBlitz your photoshop is a degrading, false, bullsh** representation of college football. Meet the real Keldric ****** er."
#luster #program
The fake photo of ****** er on X resulted in backlash with people calling out Polymarket for the deception. Polymarket has since deleted the post. IndyStar reached out to the company, which describes itself as "the world's largest prediction market platform for real-time global events," but did not receive a response.
This is the company that ON3 got in bed with Fyi pic.twitter.com/Or3dAXzBJp
While ****** er and the Ball State football program declined to comment on the photo, Kevin Messenger, Ball State's ****** istant athletic director of communications, didn't mince words on social media.
"PolymarketBlitz your photoshop is a degrading, false, bullsh** representation of college football. Meet the real Keldric ****** er."
#luster #program
21 days ago
BeInCrypto is attending TOKEN2049 Singapore as an official media partner, and this year we are bringing The NewsDesk to the main venue. Our team will be at Marina Bay Sands for both days of the conference, October 7-8, interviewing executives and industry leaders from across digital ******* ets and finance.
TOKEN2049 Singapore is expected to bring together more than 25,000 attendees, 7,000 companies, 300 speakers and 500 exhibitors across 160+ countries, with more than 60% of attendees holding C-level positions.
Alongside the broader Singapore programme, 1,000 side events will be featured throughout the week. Other major gatherings taking place in Singapore that week include Digital ******* et Summit Asia, Sui Basecamp, the Network State Conference, the Milken Institute Asia Summit, and the Forbes Global CEO Conference, all against the backdrop of the Formula 1 Singapore Grand Prix.
This year's agenda features tracks on institutional capital integration, with traditional financial leaders such as Nasdaq's Adena Friedman and Franklin Templeton's Jenny Johnson discussing capital flows and regulatory developments. At the same time, industry leaders including Binance CEO Richard Teng, Hyperliquid Labs CEO Jeff Yan, and Polymarket founder Shayne Coplan will explore exchange liquidity, on-chain derivatives, and decentralised prediction markets.
The speaker's lineup also features other financial heavyweights such as Joseph Lubin, Co-founder of Consensys, Vlad Tenev, CEO of Robinhood, and Amy Oldenburg from Morgan Stanley, among others.
#conference
TOKEN2049 Singapore is expected to bring together more than 25,000 attendees, 7,000 companies, 300 speakers and 500 exhibitors across 160+ countries, with more than 60% of attendees holding C-level positions.
Alongside the broader Singapore programme, 1,000 side events will be featured throughout the week. Other major gatherings taking place in Singapore that week include Digital ******* et Summit Asia, Sui Basecamp, the Network State Conference, the Milken Institute Asia Summit, and the Forbes Global CEO Conference, all against the backdrop of the Formula 1 Singapore Grand Prix.
This year's agenda features tracks on institutional capital integration, with traditional financial leaders such as Nasdaq's Adena Friedman and Franklin Templeton's Jenny Johnson discussing capital flows and regulatory developments. At the same time, industry leaders including Binance CEO Richard Teng, Hyperliquid Labs CEO Jeff Yan, and Polymarket founder Shayne Coplan will explore exchange liquidity, on-chain derivatives, and decentralised prediction markets.
The speaker's lineup also features other financial heavyweights such as Joseph Lubin, Co-founder of Consensys, Vlad Tenev, CEO of Robinhood, and Amy Oldenburg from Morgan Stanley, among others.
#conference
21 days ago
Aug 31 (Reuters) - Kalshi permanently banned former U.S. congressman George Santos from its platform on Monday and imposed a penalty of $71,356, citing insider trading.
The company said in a disciplinary action that its compliance department had found reasonable cause to believe the former lawmaker engaged in illicit trading.
The move comes as prediction market platforms Kalshi and Polymarket have seen a rise in suspicious trading activity, presenting new compliance challenges as regulators and law enforcement intensify scrutiny of the growing sector.
Kalshi had reported Santos to the U.S. Department of Justice in June after detecting suspicious trading activity from his account on the platform, a source told Reuters at the time.
Santos was expelled from Congress over fraud and identity theft. U.S. President Donald Trump commuted his over-seven-year prison sentence last year.
#kalshi
The company said in a disciplinary action that its compliance department had found reasonable cause to believe the former lawmaker engaged in illicit trading.
The move comes as prediction market platforms Kalshi and Polymarket have seen a rise in suspicious trading activity, presenting new compliance challenges as regulators and law enforcement intensify scrutiny of the growing sector.
Kalshi had reported Santos to the U.S. Department of Justice in June after detecting suspicious trading activity from his account on the platform, a source told Reuters at the time.
Santos was expelled from Congress over fraud and identity theft. U.S. President Donald Trump commuted his over-seven-year prison sentence last year.
#kalshi
27 days ago
Dollar General (DG) wins the portfolio battle over Best Buy (BBY) with a beta of 0.235, a defensive consumables mix, and just-raised full-year EPS guidance.
Best Buy's 91% Polymarket earnings beat probability looks compelling, but its stock at $85 already trades above **** ysts' $83 consensus target.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Dollar General (NYSE:DG) and Best Buy (NYSE:BBY) both report results before the market opens on Thursday, August 27, 2026, and they present the retirement-focused investor with the same trade dressed two different ways. Both sell to a strained American consumer. One is a low-beta consumer defensive name. The other is a higher-beta consumer cyclical. The question is which risk profile earns the seat in the portfolio ahead of Thursday's earnings releases.
Beta measures how much a stock tends to move relative to the broader market. Below 1.0 means the stock historically moves less than the index. Above 1.0 means it moves more. Dollar General's beta is 0.235, one of the lowest readings in retail, and the company is in the Consumer Defensive sector, where roughly 82% of the mix is everyday consumables that customers buy in any economy. Best Buy has a beta of 1.317 and sits in Consumer Cyclical, tethered to televisions, appliances, and computing upgrade cycles that households defer when budgets tighten.
#Consumer #best #defensive #above
Best Buy's 91% Polymarket earnings beat probability looks compelling, but its stock at $85 already trades above **** ysts' $83 consensus target.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Dollar General (NYSE:DG) and Best Buy (NYSE:BBY) both report results before the market opens on Thursday, August 27, 2026, and they present the retirement-focused investor with the same trade dressed two different ways. Both sell to a strained American consumer. One is a low-beta consumer defensive name. The other is a higher-beta consumer cyclical. The question is which risk profile earns the seat in the portfolio ahead of Thursday's earnings releases.
Beta measures how much a stock tends to move relative to the broader market. Below 1.0 means the stock historically moves less than the index. Above 1.0 means it moves more. Dollar General's beta is 0.235, one of the lowest readings in retail, and the company is in the Consumer Defensive sector, where roughly 82% of the mix is everyday consumables that customers buy in any economy. Best Buy has a beta of 1.317 and sits in Consumer Cyclical, tethered to televisions, appliances, and computing upgrade cycles that households defer when budgets tighten.
#Consumer #best #defensive #above
28 days ago
Matt Murphy already raised MRVL's revenue outlook to ~$11.5 billion for fiscal 2027, and the stock has beaten earnings estimates in 5 of its last 6 reports.
After Q1 FY27 earnings, MRVL surged 54% in one week while QQQ gained just 0.11% over the same 30-day stretch.
Polymarket gives MRVL an 88% probability of beating earnings, and 38 ****** ysts rate it Buy with zero Sells.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.
Marvell Technology (NASDAQ:MRVL) heading into the August 27, 2026 fiscal Q2 2027 earnings report, carries a favorable setup. Management has already telegraphed acceleration, the bookings are in hand, and the crowd is betting on a beat. The catalyst is defined and the evidence points in one direction.
#earnings #marvell #already
After Q1 FY27 earnings, MRVL surged 54% in one week while QQQ gained just 0.11% over the same 30-day stretch.
Polymarket gives MRVL an 88% probability of beating earnings, and 38 ****** ysts rate it Buy with zero Sells.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.
Marvell Technology (NASDAQ:MRVL) heading into the August 27, 2026 fiscal Q2 2027 earnings report, carries a favorable setup. Management has already telegraphed acceleration, the bookings are in hand, and the crowd is betting on a beat. The catalyst is defined and the evidence points in one direction.
#earnings #marvell #already
1 month ago
Lazio have secured a new sleeve sponsor in Kaiyunsports.news, giving the club an important financial boost.
Earlier this month, the Aquile parted ways with their main shirt sponsor, Polymarket, as the company was blacklisted in Italy for allegedly offering its clients unauthorised betting activities. Nevertheless, Polymarket still paid Lazio the entire sum allocated for the 2026/27 campaign as per their original agreement. The club therefore picked up an estimated €9.5 million as remuneration.
The Italian capital club has yet to find a new main shirt sponsor, but on Saturday, they announced an agreement with digital platform Kaiyunsports.news, whose logo will be placed on the club's jersey in Serie A games for the next two seasons. Lazio made the announcement via a note published on the club's official website.
S.S. Lazio is pleased to announce a new partnership with kaiyunsports.news, which will become the Club's Official Sleeve Sponsor for the 2026/27 and 2027/28 Serie A seasons.As part of the partnership, the kaiyunsports.news logo will appear on the sleeve of the S.S. Lazio Men's First Team jersey during official Serie A matches throughout the two seasons, marking the beginning of a new collaboration between the historic Italian club and the international sports news platform.kaiyunsports.news is a global sports news platform delivering football news, match coverage and sports content to fans around the world. Through its partnership with S.S. Lazio, kaiyunsports.news aims to further strengthen its international presence while ******* ociating its brand with the history, tradition and international appeal of one of Italy's most established football clubs.
While the figures behind the agreement haven't been disclosed, this partnership will certainly boost the club's coffers. However, this deal is unlikely to have an immediate effect on Lazio's ongoing transfer business. The Biancocelesti have been restricted to a net-zero transfer market, so they can only generate funds through fresh sales and wage savings.
#kaiyunsports #official
Earlier this month, the Aquile parted ways with their main shirt sponsor, Polymarket, as the company was blacklisted in Italy for allegedly offering its clients unauthorised betting activities. Nevertheless, Polymarket still paid Lazio the entire sum allocated for the 2026/27 campaign as per their original agreement. The club therefore picked up an estimated €9.5 million as remuneration.
The Italian capital club has yet to find a new main shirt sponsor, but on Saturday, they announced an agreement with digital platform Kaiyunsports.news, whose logo will be placed on the club's jersey in Serie A games for the next two seasons. Lazio made the announcement via a note published on the club's official website.
S.S. Lazio is pleased to announce a new partnership with kaiyunsports.news, which will become the Club's Official Sleeve Sponsor for the 2026/27 and 2027/28 Serie A seasons.As part of the partnership, the kaiyunsports.news logo will appear on the sleeve of the S.S. Lazio Men's First Team jersey during official Serie A matches throughout the two seasons, marking the beginning of a new collaboration between the historic Italian club and the international sports news platform.kaiyunsports.news is a global sports news platform delivering football news, match coverage and sports content to fans around the world. Through its partnership with S.S. Lazio, kaiyunsports.news aims to further strengthen its international presence while ******* ociating its brand with the history, tradition and international appeal of one of Italy's most established football clubs.
While the figures behind the agreement haven't been disclosed, this partnership will certainly boost the club's coffers. However, this deal is unlikely to have an immediate effect on Lazio's ongoing transfer business. The Biancocelesti have been restricted to a net-zero transfer market, so they can only generate funds through fresh sales and wage savings.
#kaiyunsports #official
1 month ago
SpaceX (SPCX) crushed Q2 estimates by 15%, delivering $7.8B in revenue on 92% year-over-year growth as its AI segment surged 247%.
Management is targeting a $100B annualized revenue run rate by December, requiring monthly revenue to triple from today's $2.6B pace.
Shares jumped 6.5% to $149 after **** eX launched two Falcon 9 rockets 38 minutes apart, and Polymarket puts 89.5% odds on $150 this week.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and **** eX didn't make the cut. Grab the names FREE today.
The back-to-back Falcon 9 launches by **** eX (NASDAQ:SPCX) over the weekend set a fresh cadence record and showcase how quickly the launch infrastructure is scaling. The longer-term thesis, however, hinges on Starship achieving full and rapid reusability with quick turnarounds.
#revenue #spcx #year #management
Management is targeting a $100B annualized revenue run rate by December, requiring monthly revenue to triple from today's $2.6B pace.
Shares jumped 6.5% to $149 after **** eX launched two Falcon 9 rockets 38 minutes apart, and Polymarket puts 89.5% odds on $150 this week.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and **** eX didn't make the cut. Grab the names FREE today.
The back-to-back Falcon 9 launches by **** eX (NASDAQ:SPCX) over the weekend set a fresh cadence record and showcase how quickly the launch infrastructure is scaling. The longer-term thesis, however, hinges on Starship achieving full and rapid reusability with quick turnarounds.
#revenue #spcx #year #management
1 month ago
Polymarket Promo Code TSN: Get $20 Prediction Bonus for UFC 330 originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Mixed martial arts fans looking to enter the prediction market can use Polymarket promo code TSN to claim a $20 bonus ahead of the highly anticipated UFC 330 card. Click here to get in on the action.
This UFC event is headlined by Islam Makhachev vs. Ian Machado Garry. By taking advantage of this promotion, new Polymarket customers will receive a $20 sign-up bonus after making an initial deposit of at least $10. This bonus can be used immediately to trade shares on the upcoming Welterweight championship bout, as well as the rest of the UFC 330 main card.
Polymarket Promo Code
TSN
#bonus #promo #sporting #card
Mixed martial arts fans looking to enter the prediction market can use Polymarket promo code TSN to claim a $20 bonus ahead of the highly anticipated UFC 330 card. Click here to get in on the action.
This UFC event is headlined by Islam Makhachev vs. Ian Machado Garry. By taking advantage of this promotion, new Polymarket customers will receive a $20 sign-up bonus after making an initial deposit of at least $10. This bonus can be used immediately to trade shares on the upcoming Welterweight championship bout, as well as the rest of the UFC 330 main card.
Polymarket Promo Code
TSN
#bonus #promo #sporting #card
1 month ago
Baltimore has sued prediction market operators Kalshi and Polymarket, accusing both of running unlicensed sportsbooks in the city.
Mayor Brandon Scott and the City Council filed the complaints Thursday in Circuit Court for Baltimore City.
The city says both platforms let residents bet on game winners, point spreads, point totals, and player statistics. Those propositions match products sold by licensed sportsbooks, according to the complaints.
Both companies call them event contracts. However, Baltimore argues they function as sports bets and amount to unlawful gambling under Maryland law.
Furthermore, the lawsuit claims that the missing licenses free both firms from the tax bills, audits, and player-protection rules that licensed operators carry.
#point #player
Mayor Brandon Scott and the City Council filed the complaints Thursday in Circuit Court for Baltimore City.
The city says both platforms let residents bet on game winners, point spreads, point totals, and player statistics. Those propositions match products sold by licensed sportsbooks, according to the complaints.
Both companies call them event contracts. However, Baltimore argues they function as sports bets and amount to unlawful gambling under Maryland law.
Furthermore, the lawsuit claims that the missing licenses free both firms from the tax bills, audits, and player-protection rules that licensed operators carry.
#point #player
1 month ago
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U.S. stock futures were mixed heading into Friday morning as Wall Street digested an impending batch of retail and consumer data against a backdrop of escalating tensions in the Middle East.
The Polymarket (CRYPTO: POL) crowd is leaning bullish for the Aug. 14 trading session. The "S&P 500 (SPX) Up or Down on August 14?" contract currently reflects a 57% chance of a higher open.
Traders are balancing domestic economic indicators against intense geopolitical frictions and yield pressures:
Mixed Index Futures: Equity futures are pointing to a mixed open. S&P 500 futures ticked up 0.01%, and Dow Jones futures advanced 0.06%. Conversely, Nasdaq 100 futures dipped 0.15% and Russell 2000 futures dropped 0.08%.
#futures #Friday
U.S. stock futures were mixed heading into Friday morning as Wall Street digested an impending batch of retail and consumer data against a backdrop of escalating tensions in the Middle East.
The Polymarket (CRYPTO: POL) crowd is leaning bullish for the Aug. 14 trading session. The "S&P 500 (SPX) Up or Down on August 14?" contract currently reflects a 57% chance of a higher open.
Traders are balancing domestic economic indicators against intense geopolitical frictions and yield pressures:
Mixed Index Futures: Equity futures are pointing to a mixed open. S&P 500 futures ticked up 0.01%, and Dow Jones futures advanced 0.06%. Conversely, Nasdaq 100 futures dipped 0.15% and Russell 2000 futures dropped 0.08%.
#futures #Friday
1 month ago
Bettors on Polymarket now put 81% odds on a Bank of **** an rate hike in September. Two weeks ago, that same bet sat at just 22%.
The shift comes as **** an's currency intervention loses its grip on the yen. The currency is on track for its biggest weekly loss in three months, unwinding much of its recent rebound.
The yen fell about 1% this week to 159.43 per dollar. That puts it on track for its worst week since May.
The currency has given back roughly half the gains from **** an's coordinated yen intervention in late July and early August. It was trading near 164 per dollar before that support began.
This is not the first time the boost has faded. **** an's April intervention followed a similar path, and the yen drifted back toward 40-year lows over the following months.
#back
The shift comes as **** an's currency intervention loses its grip on the yen. The currency is on track for its biggest weekly loss in three months, unwinding much of its recent rebound.
The yen fell about 1% this week to 159.43 per dollar. That puts it on track for its worst week since May.
The currency has given back roughly half the gains from **** an's coordinated yen intervention in late July and early August. It was trading near 164 per dollar before that support began.
This is not the first time the boost has faded. **** an's April intervention followed a similar path, and the yen drifted back toward 40-year lows over the following months.
#back
1 month ago
Intense volatility led to a meltdown of levered positions held by Leopold Aschenbrenner's hedge fund last month.
The market was caught off guard, and fears of wider contagion briefly circulated.
Polymarket says its users saw the issues that hit the fund forming long before the news broke.
The meltdown of Leopold Aschenbrenner's hedge fund may have come out of left field for many market watchers, but Polymarket says traders on its platform saw it coming.
The implosion of the AI wunderkind's Situational Awareness at the end of July shocked the market, with fears of wider contagion percolating before Citadel swooped in to buy the soured stock portfolio and stoke a fresh tech rally in the process.
#meltdown #hedge
The market was caught off guard, and fears of wider contagion briefly circulated.
Polymarket says its users saw the issues that hit the fund forming long before the news broke.
The meltdown of Leopold Aschenbrenner's hedge fund may have come out of left field for many market watchers, but Polymarket says traders on its platform saw it coming.
The implosion of the AI wunderkind's Situational Awareness at the end of July shocked the market, with fears of wider contagion percolating before Citadel swooped in to buy the soured stock portfolio and stoke a fresh tech rally in the process.
#meltdown #hedge
1 month ago
Polymarket Promo Code TSN: Trade $10, Get $20 Bonus for MLB Sunday Predictions originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
New players can capitalize on a $20 welcome bonus ahead of the Sunday MLB slate by utilizing Polymarket promo code TSN. Click here to activate this offer.
When registering a new account, you will receive a $20 sign-up bonus after making $10 in trades. This bonus can be applied directly to the Sunday matchups, such as the Los Angeles Dodgers visiting the Arizona Diamondbacks or the Toronto Blue Jays taking on the Philadelphia Phillies, as well as any other MLB game listed on Polymarket.
For new Polymarket customers, getting involved in the Major League Baseball prediction markets comes with an immediate advantage. By using the promotional code during registration, eligible users who are 18+ and physically present in a permitted US state can claim a $20 sign-up bonus.
Polymarket Promo Code
#polymarket #promo #sporting #sign
New players can capitalize on a $20 welcome bonus ahead of the Sunday MLB slate by utilizing Polymarket promo code TSN. Click here to activate this offer.
When registering a new account, you will receive a $20 sign-up bonus after making $10 in trades. This bonus can be applied directly to the Sunday matchups, such as the Los Angeles Dodgers visiting the Arizona Diamondbacks or the Toronto Blue Jays taking on the Philadelphia Phillies, as well as any other MLB game listed on Polymarket.
For new Polymarket customers, getting involved in the Major League Baseball prediction markets comes with an immediate advantage. By using the promotional code during registration, eligible users who are 18+ and physically present in a permitted US state can claim a $20 sign-up bonus.
Polymarket Promo Code
#polymarket #promo #sporting #sign
