Polymarket, the cryptocurrency-powered prediction market that recently attained a billion dollar valuation, is deciding whether to introduce its own customized stablecoin, or accept a revenue sharing deal with Circle based on the amount of USDC held on the platform, according to a person familiar with the plans. Polymarket’s motivation to create its own stablecoin is … Read more
A Florida Congresswoman’s post on X has moved the market for bettors looking to speculate on the firing of Federal Reserve chair Jerome Powell. Jerome Powell is going to be fired. Firing is imminent. — Rep. Anna Paulina Luna (@RepLuna) July 16, 2025 Anna Paulina Luna (R- Florida) claimed on the social media site that … Read more
Prediction markets provider Polymarket is free of U.S. investigations after the Department of Justice and Commodity Futures Trading Commission told Polymarket they had wrapped up their inquiries. Both the DOJ and CFTC notified Polymarket recently, an individual familiar with the matter told CoinDesk. Bloomberg first reported the news earlier on Tuesday. The DOJ was investigating … Read more
Crypto-focused prediction market Polymarket is facing a fresh dose of criticism this week in relation to a market on whether Ukrainian President Volodymyr Zelenskyy would wear a suit before July. More than $160 million worth of crypto was bet on the market, with the initial outcome of “yes” being disputed by the validators behind UMA, … Read more
Bets on a U.S. recession in 2025 have dropped sharply, with odds on crypto prediction platform Polymarket sinking to 22% this week, the lowest level since late February. Recession fears ballooned earlier this year when the Atlanta Federal Reserve’s GDPNow indicator predicted a 1.5% contraction for the first quarter of the year, while the actual … Read more