Tag: Prediction

Can The XRP Price Reach $3 In 2026? Prediction Websites Show The Possibilities

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Following the drawdown from 2025, the XRP price has dropped by more than 50% from its cycle peak to struggle below $1.5. With the recent recovery, there has been some improvement in the price action, but the sustainability of the rally remains to be seen. As the sideways action continues, the question now remains if the XRP price will be able to hit $3 again in 2026, which would be an over 100% increase from its current levels. XRP Price Will Not Go Above $2.3 The Crypto Predictions website shows…

New York, Illinois Ban Officials From Prediction Markets

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New York Governor Kathy Hochul has signed an executive order banning state employees from betting on prediction markets, following a similar move by Illinois earlier this week. “Getting rich by betting on inside information is corruption, plain and simple,” Hochul said on Wednesday, adding: “Our actions will ensure that public servants work for the people they represent, not their own personal enrichment.” Hochul also slammed the Trump administration and congressional Republicans for allowing an “ethical Wild West” to take hold around prediction markets without implementing any “meaningful ethical standards” to…

Coinbase Shifts NY Prediction Markets Case to Federal Court

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Coinbase’s chief legal officer, Paul Grewal, said Wednesday that the company had removed New York Attorney General Letitia James’ prediction markets lawsuit from state court to federal court, arguing that the case turns on disputed questions of federal law over how event contracts are regulated. The move escalates a legal fight that could help define whether prediction markets fall under federal commodities regulation and the scope of the US Commodities and Futures Trading Commission’s (CFTC) or state gambling laws, with broader implications for the oversight of platforms like Coinbase and…

Last Week Tonight‘s John Oliver Says he Won‘t Placate Prediction Markets

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John Oliver, host of HBO’s Last Week Tonight, targeted prediction market platforms on his show’s latest weekly deep dive. In Sunday’s airing of the HBO show, Oliver discussed some of the trivial event contracts on platforms such as Kalshi and Polymarket, including betting whether members of the Trump administration would use certain words in public addresses, to the companies’ controversial partnering with news organizations.  Specifically, the host questioned Donald Trump Jr.’s relationship with both platforms — an adviser to Kalshi and Polymarket — and how the US Commodity Futures Trading…

After Kalshi Appeal, Prediction Markets Fight Could Head to Supreme Court

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An appellate court is expected to reach a decision after hearing arguments from Kalshi and lawyers representing the state of Nevada. Some legal experts speculated that the state vs. federal jurisdiction battle over regulating prediction markets companies could soon be headed to the United States Supreme Court. On Thursday, the US Court of Appeals for the Ninth Circuit heard oral arguments from lawyers representing prediction markets platform Kalshi and Nevada authorities over the state’s ban on the prediction markets’ event contracts. The appeal was over a lower court decision preventing…

Kalshi to Create ‘Portal for Parents‘ on Prediction Markets: Report

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CEO Tarek Mansour said in an interview that Kalshi would prevent kids from using a parent’s ID to skirt its age restrictions by launching a parent portal and AI verification. Kalshi co-founder and CEO Tarek Mansour reportedly announced a new strategy for the prediction markets platform to crack down on minors illegally using its services. According to a Wednesday Semafor report, Mansour said that Kalshi was launching a “portal for parents” to submit their identification to check whether their children were using the platforms under their names. There have been…

High Roller stock jumps over 100% on Crypto.com prediction markets deal

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High Roller Technologies announced today that it signed a deal with Crypto.com to enter the U.S. prediction markets space. The company’s shares surged more than 100% from about $5 to nearly $11 on Tuesday before pulling back roughly 45% to trade near $6.38 at press time. The company said it executed a definitive agreement with Crypto.com Derivatives North America that will allow High Roller to launch an event based prediction markets offering, initially in the United States. The planned offering will cover finance, sports, and entertainment, marking a strategic expansion…

Crypto.com gets into Prediction Markets through High Roller

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The crypto exchange’s move could signal a challenge to platforms like Kalshi through the integration of prediction markets, expected to be a $1 trillion market by 2030. Crypto.com has signed a definitive agreement with online casino company High Roller Technologies as part of the cryptocurrency exchange’s move into prediction markets in a challenge to companies like Kalshi and Polymarket. In a Tuesday notice, High Roller said the deal with Crypto.com would allow the crypto exchange to launch “an event-based prediction markets offering” to US-based users. The notice emphasized that the…

Kavita Gupta: Ethereum outperforms Bitcoin, insider trading poses unique challenges in prediction markets, and long-term strategies are key for navigating volatility

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Key takeaways Ethereum has recently outperformed Bitcoin, signaling a shift in market dynamics. Insider trading definitions vary significantly between prediction markets and traditional securities. Prediction markets face challenges due to insider information affecting the odds. The Delta Blockchain Fund focuses on long-term positions rather than day-to-day trading. There have been significant inflows into Bitcoin and Ethereum ETFs after a period of withdrawals. The crypto market is not dead; prices are moving, indicating survival. Institutional money returning to the market is likely to drive up blue chip tokens. The market is…

Prediction Market Users Await Artemis II Mission Splashdown

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The 10-day lunar flyby mission is expected to end in a splashdown landing in the Pacific Ocean on Friday evening. Users on the prediction markets platform Kalshi are using the platform’s event contracts to bet on the aftermath of the Artemis II mission, NASA’s first manned spacecraft to the Moon in more than 50 years. As of Friday, several event contracts related to a Moon landing were available on the Kalshi and Polymarket platforms, but many users were taking positions on what would be said at NASA’s news conference following…