Insight
Prediction Traders Are Betting Bitcoin Will Fall Below $65,000
Bitcoin values have fallen to their lowest level since President Donald Trump took office. If prediction markets are to be believed, the world’s most popular cryptocurrency may have a lot further to fall. Bitcoin has lost 40% since it hit an all-time high of over $126,000 in
Wall Street Pros See Potential, Obstacles in Prediction Markets
Wall Street professionals have a broadly positive perception of prediction markets, but the nascent sector’s lack of liquidity is a key stumbling block to reaching the mainstream. Around 43% of market structure experts view prediction markets as an innovative value-add to the overall marketplace, according to a flash
Kalshi Fed Forecasts Are as Good as Wall Street’s, Study Says
Kalshi, the booming platform that churns out predictions on everything from the Super Bowl to US elections, is showing early promise as an accurate forecaster of Federal Reserve policy and economic data, a new study finds. When it comes to predicting interest-rate decisions, Kalshi is “roughly consistent” with professionals
Bernstein Sees Prediction Markets Propelling Robinhood, Coinbase
Prediction markets just got a fresh sell-side stamp of legitimacy. In a new report, Bernstein calls them a viable asset class — arguing that what once looked like novelty bets are now being built into the foundations of mainstream finance, backed by real capital, real users and regulatory approval. The
Coinbase CEO Stunt Exposes Prediction Market Vulnerability
When Coinbase Global Inc.’s quarterly earnings call wrapped up Thursday, its chief executive, Brian Armstrong, didn’t finish with profit guidance or statements of confidence. He closed it out with a list: “Bitcoin, Ethereum, blockchain, staking and Web3.” Those weren’t random buzzwords. They were part of an $84,
