Prediction Market
Prediction Markets Go From Fringe to Frenzy as Wall Street, Silicon Valley Pile In
The intimate meal, 60 floors above New York’s financial district, brought together a pillar of the Wall Street establishment and a young crypto upstart. The host, billionaire septuagenarian Jeffrey Sprecher, CEO of Intercontinental Exchange Inc., the owner of the New York Stock Exchange, arrived in a suit. His guest,
Polymarket Testing US Prediction Market in Move to Reopening
Polymarket has begun live testing its US exchange by quietly opening up to some users and matching trades ahead of its planned relaunch in the American betting market. The prediction platform says the exchange is fully functional, with select users placing bets on real contracts, as it moves to complete
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
Polymarket Volume Inflated by ‘Artificial’ Activity, Study Finds
The volume of activity on Polymarket, one of the most popular prediction markets, has been significantly inflated by so-called wash trading in which users rapidly buy and sell the same contracts, according to a new study by Columbia University researchers. The “artificial trading,” as the authors call it, varied
Google to Offer Kalshi and Polymarket Data on Finance Searches
Gambling’s reach is extending deeper into the investment ecosystem as Google strikes a deal to pipe prediction market data from Kalshi Inc. and Polymarket into its finance platform. In the partnership announced Thursday, Google Finance said it will offer up the changing odds from the prediction market exchanges when
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,
Prediction Markets Boom as Volumes Surpass 2024 Election
The trading volume on the leading prediction markets platforms, Polymarket and Kalshi, has hit a new record high, surpassing the previous peak reached during the US presidential election last year. The recent jump in trading activity offers one of the clearest indications yet of the growing excitement around the exchanges
