Gambling Layoffs Increase as Prediction Markets and AI Reshape Sports Betting

Penn Entertainment and Gambling.com slash jobs as AI replaces engineers and prediction markets siphon bets from sportsbooks. The post Gambling Layoffs Increase as Prediction Markets and AI Reshape Sports Betting appeared first on BeInCrypto.

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The Next Online Casino Loophole Is Being Built on Prediction Markets, Gaming Lawyer Says

A gaming lawyer tells DeFi Rate the next wave of gray area online casinos already being explored may be built on top of regulated prediction markets, and it could fall outside both federal and state jurisdiction.

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XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi

Backed by 20VC, Picus Capital and Coinbase Ventures; XO lets users create and profit from their own prediction markets, and plans to rollout a new vault product to democratize market making.

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Charles Schwab, Citadel eye prediction markets expansion move

Schwab and Citadel Securities are exploring prediction markets but avoid sports, focusing on event contracts and risk tools.

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The bets that made crypto prediction markets popular now targeted by ban threat

Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling. Then sports arrived and did what elections, inflation contracts, and policy wagers never quite managed: it brought scale.

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After $679 million in Iran war bets, Democrats move to ban prediction markets tied to military action

Washington lawmakers are moving on multiple fronts to curb the most politically toxic corners of prediction markets after millions of dollars flowed into bets tied to US-linked military action in Iran.

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200 insider trading probes opened on Kalshi and one quiet change could remake prediction markets overnight

Prediction markets promised something elegant: put money behind beliefs, and the price converges on reality. The wisdom of crowds, sharpened by skin in the game. No pollsters, no pundits, just probabilities inching toward truth as traders stake capital on what they know.

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9 of the Most Bizarre Prediction Markets Open for State of the Union

From Trump's water intake to whether he'll say "discombobulator," prediction markets have left no stone unturned. The post 9 of the Most Bizarre Prediction Markets Open for State of the Union appeared first on DeFi Rate.

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NYSE President Says Prediction Markets Are Now Moving Traditional Finance

New York Stock Exchange President Lynn Martin says prediction markets are becoming inputs into traditional market behavior. Speaking at the World Liberty forum at Mar-a-Lago, Martin said it became “very clear for us… that prediction markets [were being used] as an input to traditional markets,” referencing a moment during the 2024 US presidential election when […] The post NYSE President Says Prediction Markets Are Now Moving Traditional Finance appeared first on DeFi Rate.

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Fireplace Raises $1.5M to Bring Bloomberg-Style Infrastructure to Prediction Markets

Fireplace, a professional trading terminal purpose-built for prediction markets, has raised $1. 5 million in a pre-seed round led by Frachtis, with participation from White Star Capital and a mix of venture and angel investors via Legion and Echo syndicates.

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SEC chair warns some prediction markets may fall under securities laws

The head of the U.S. Securities and Exchange Commission says prediction markets are drawing serious legal and regulatory attention. At a Senate Banking Committee hearing on February 12, SEC Chair Paul Atkins described rapidly-growing prediction markets as “a huge issue”…

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CFTC chair signals clearer rules for prediction markets, lawful innovation

The Commodity Futures Trading Commission will draft clear standards for prediction markets and withdraw proposals that would prohibit political and sports-related event contracts, Chair Michael S. Selig said Thursday.

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Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’

Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.

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Phantom integrates Kalshi prediction markets as crypto wallets expand into event trading

The new Phantom Prediction Markets feature supports tokenised event trading across multiple categories. Crypto exchanges such as Gemini and Coinbase are also moving into US prediction markets. Regulatory challenges persist, with recent legal action involving the state of Connecticut and Kalshi.

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Bitnomial gains CFTC approval to launch prediction markets in the US

The US regulator's green light lets Bitnomial’s clearinghouse support prediction markets linked to crypto and economic events, expanding its regulated product and clearing offerings.

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Tarek Mansour Says Growth Outpacing Early Projections for Prediction Markets

Tarek Mansour, Kalshi’s Chief Executive Officer, said on Tuesday that he expected it would take a decade for prediction markets to reach the levels of stock trading, but it’s coming sooner, as Kalshi “created a whole new class of active traders”.

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Schwab CEO Warns: Prediction Markets Are Making Gambling Look Like Investing

Prediction markets are dangerously blurring the line separating gambling and investing, Schwab CEO Rick Wurster cautioned this week. CFTC-approved prediction markets can certainly be used as legit financial instruments, but it’s their venture into sports, and the messaging behind it, that’s causing concern.

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Rain launches decentralized prediction markets protocol for private and public markets

Aiming to become the ‘Uniswap’ of prediction markets, Rain utilizes an AI oracle that tackles bottlenecks and is supported by a unique dispute mechanism, making prediction markets faster, more flexible, scalable, and accessible.

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Trump Wasn’t The Only Winner On Election Night. Prediction Markets Also Won Over The Polls

Donald Trump claimed a dramatic victory over his rival Kamala Harris in the race to become the 47th President of the United States, but he wasn’t the only winner on election night. Decentralized prediction markets like Polymarket, Kalshi, and PredictIt also emerged as clear winners in their battle with traditional pollsters. In the final days […]

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Caroline Ellison Most Likely Won't Serve Time, Polymarket Traders Bet

The market is skeptical about Qualcomm's Intel deal; prediction markets were the talk of the town at Token2049 in Singapore.

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Polkamarkets Taking Over the Decentralised Prediction Markets with DeFi-Powered Platform

Decentralised prediction markets have risen to prominence recently in line with the growing popularity of cryptocurrency and blockchain-based applications. Frustrations with the regulations and limitations of mainstream prediction markets have also led players to search for better alternatives.

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How Crypto Transforms Prediction Markets

Betting can be used to predict the future. That's the crazy idea behind prediction markets. Here's how they work and where cryptocurrency fits into the picture.

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Polkamarkets Disrupting Prediction Markets with Its DeFi-Powered Platform

Continue reading at Coinspeaker

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Can cryptocurrency replace fiat currency?

In December 2019, Deutsche Bank said that cryptocurrency was on track to replace fiat currency by 2030. Reasons for this prediction included an increase in interest in different cryptocurrencies and ongoing fragility of the foreign exchange markets.

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Prediction market platform Omen to integrate crypto data oracles from API3

API3, a provider of decentralized and blockchain-native APIs, has announced that its proposal to integrate API3 data feeds to Omen prediction markets on xDAI has passed unanimously in the DXdao. This means that API3 will begin the integration of its Airnode-powered first-party oracles to Omen, enabling Omen’s users to settle prediction markets using a variety […] CryptoNinjas.

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BetProtocol rebrands to BEPRO Network offering full blockchain gaming codebase

The team of BetProtocol, a decentralized gaming and betting protocol, has announced its rebranding to BEPRO Network, which includes an updated ecosystem. The BEPRO Network is now live with a new codebase for DeFi, gaming, prediction markets, and more.

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Value Network Token, Vesting, and Farming Contracts Deployed on Mainnet

Millions of enthusiasts of binary options prediction markets across the world are delighted with the deployment of Value Network token, vesting, and farming contracts, as well as successful locking of liquidity on 3 of their pairs on Uniswap.

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Royale Finance raises $1.45 million to bring DeFi to iGaming

Royale Finance, a cross-chain DeFi solution that uses liquidity pools to provide funding for iGaming startups, today announced it has raised $1. 45 million USD to merge DeFi with iGaming, a multi-billion dollar market that includes online casinos, sports betting, poker, prediction markets, lotteries, and more.

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Finance.vote Holds FVT Airdrop as DeFi Prediction Market Takes Off

Finance.vote, the governance layer for DeFi communities, is conducting a series of airdrops of its FVT token to onboard a new wave of users. Participants who claim their free tokens and use them to mint a voting identity can engage with the platform’s prediction markets, earning reputation and voting power for correct calls. The finance.vote […]

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Bounce integrates Chainlink oracles to settle prediction markets

With the world of decentralized finance [DeFi] becoming an important part of the crypto-ecosystem, many projects from the field are gaining a lot of attention lately. Chainlink's decentralized oracle The post Bounce integrates Chainlink oracles to settle prediction markets appeared first on AMBCrypto.

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Prediction Markets Fluctuate Wildly as Election Remains Undecided

As the U. S. presidential election hangs in the balance, prediction markets have made interesting fodder for conversation. As previously reported by BeInCrypto, Ethereum-based prediction markets such as Catnip and Polymarket are playing a role in the 2020 election.

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$TRUMP zooms to top-performing prediction market crypto amidst US elections, $BIDEN falls 50%

Two Ethereum-based prediction markets on crypto exchange FTX saw activity reach record levels yesterday as the US elections went underway. The post $TRUMP zooms to top-performing prediction market crypto amidst US elections, $BIDEN falls 50% appeared first on CryptoSlate.

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The Biggest Winners of the US Elections? Crypto Prediction Markets

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U.S. election causes Bitcoin, crypto prediction markets havoc on Biden lead

Traders in the crypto market are increasingly betting on the outcome of the contested United States election. The post U.S. election causes Bitcoin, crypto prediction markets havoc on Biden lead appeared first on CryptoSlate.

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The 2020 Elections Are Boosting Crypto Prediction Markets

Decentralized betting platforms like Polymarket and YieldWars are seeing accelerated trading volume growth leading up to the 2020 presidential election.

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Prediction markets give Trump 33% chance of a win

Who will win the 2020 U.S. presidential election? Polymarket and other platforms are seeing record betting volumes

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Big Bitcoin prediction, OKEx spooks markets, Ripple exec’s crippling mistake: Hodler’s Digest, Oct. 12–18

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!

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Blockchain Bites: Dorsey Challenges Coinbase, Nasdaq Lists Diginex, Ethereum Miners Profit

Also: The Australian government is investing big in modern technology and prediction markets have turned sour against Trump.

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Crypto prediction markets turn against Trump after first debate

Emerging Ethereum-powered predictions platform Polymarket produced six-figure volume amid the first presidential debates.

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Ethereum’s DeFi Prediction Market Protocol PlotX Raises 2.4M as it heads towards mainnet launch

PlotX is a non-custodial DeFi protocol that has been bestowed with the tag of “Uniswap of Prediction Markets” by the Ethereum community. With a seed round of $2. 4 million via venture capital funds like NGC Ventures, Brilliance Ventures, Origin Capital, and 3commas, PlotX is launching on the Ethereum main net with the first version of its automated market-making algo for predictions on crypto assets.

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Prediction Markets’ Time Has Come, but They Aren’t Ready for It

After the pundits so badly misjudged the 2016 U.S. presidential election, prediction markets should be booming ahead of Nov. 3. Why aren’t they?

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Former Nexus Mutual and GovBlocks developers Launch “Uniswap For Prediction Market”

The prediction market is getting a facelift through the power of technology by PlotX. The platform was conceived by former Nexus Mutual and GovBlocks developers, and is akin to Ethereum-based Uniswap, except for prediction markets.

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Looks Like DeFi is Coming to Prediction Markets

Would you rather bet on YFI or BTC?

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Augur Launches V2 on Mainnet, Keeping Pace with DeFi

Decentralized prediction markets platform Augur has just recently launched its V2 on the mainnet. Total value locked into the DeFi platform has also increased and its native REP token has been performing well.

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Despite Covid-19 Negativity, Crypto Prediction Markets Say Trump Wins the 2020 Election

According to a number of crypto prediction markets and futures, Trump will still win the election in 123 days, but his chances have lessened a great deal. No matter who wins, however, the large sums of money flowing into these wager platforms indicate that people love to bet on election outcomes.

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Crypto Startup CEO’s Dire Prediction: Bitcoin Below $3K, Internet Shutdown

The Bitcoin and cryptocurrency markets continue to shed billions as speculators in markets around the world exit en masse to cash. Some industry personalities expect markets to bounce hard as confusion calms.

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Bloomberg Flops in Debate Debut, FTX Prediction Markets React

Mike Bloomberg’s disastrous performance at last night’s Democratic debate saw his FTX futures contract for a presidential win plummet. FTX Crypto Derivative Trading FTX has developed futures contracts for Donald...The post Bloomberg Flops in Debate Debut, FTX Prediction Markets React appeared first on Crypto Briefing.

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Bitcoin Post-Halving Prediction Still on Track for Topping $100,000 in 2021

The Bitcoin and cryptocurrency markets have undergone a predictable pullback this week as the world’s top digital asset drops back into four figures. Sky-high halving predictions are still on track, however, with a major bull run predicted for next year.

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Cryptocurrency Futures and Prediction Markets Show Trump Wins the US 2020 Election

In less than 270 days the United States will have its 2020 election and millions of people worldwide will be betting on whether Donald Trump is reelected. Cryptocurrency participants are currently wagering their digital assets on the election outcome, where the odds on prediction markets and betting sites indicate Trump will likely win.

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