Tag: Prediction

Prediction Markets Going Mainstream As DeFi’s Most Accessible Product?

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Mike Rychko, a researcher at prediction market infrastructure provider Azuro, thinks prediction markets are breaking into the mainstream — and the data appears to back him up. In a Thursday X post, Rychko argued that prediction markets are entering the real world beyond crypto and that their accessibility is likely to result in their success as the first decentralized finance (DeFi) product that achieves mass adoption. “Most people will never open a derivatives exchange,” Rychko wrote. “But ‘87% chance Mamdani wins’ — that’s a language anyone speaks.” He added that…

Robinhood looks for acquisition opportunities to boost its prediction markets offering

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Key Takeaways Robinhood is open to potential acquisitions or partnerships to expand its prediction markets business. The goal is to expand Robinhood’s product suite and strengthen engagement with retail users. Share this article Robinhood, a retail trading platform, is exploring potential acquisitions to expand its presence in prediction markets, where users can bet on real-world events. The partnership discussions come as Robinhood seeks to build on its retail-first approach in the growing prediction markets sector. Robinhood executives have expressed openness to acquisitions or deals in this space. Robinhood recently collaborated…

Pyth Network collaborates with Kalshi for real-time prediction market data

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Key Takeaways Pyth Network, a major blockchain oracle, has partnered with Kalshi, a regulated prediction market platform. The partnership brings Kalshi’s event market data to Pyth’s oracle network for onchain distribution. Share this article Pyth Network, a prominent oracle network specializing in delivering real-time financial data feeds from institutional sources to blockchain ecosystems, has partnered with Kalshi, a CFTC-regulated prediction market platform, to distribute regulated prediction market data onchain for developers, institutions, and DeFi protocols. The collaboration aims to integrate Kalshi’s regulated prediction market data into Pyth’s oracle network, enabling…

Bitcoin and Altcoins Will Fall Further, Warns New Crypto Price Prediction

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Key points: Bitcoin and altcoins reel from the biggest liquidation event in crypto history. BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer. Crypto is beginning a “cleanse” of bull-market euphoria, a trader says. Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20 billion liquidation event. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Trader sees start of “crypto cleanse” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to rebound after falling to three-week lows on Bitstamp. Fresh market…

Kashi Is Ready To Fight For Prediction Markets Amid New Lawsuit

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Prediction market platform Kalshi has vowed to fight a new lawsuit from the US state of Massachusetts, which accuses the company of offering unlicensed sports betting to residents. “We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law,” a spokesperson for Kalshi told Cointelegraph on Friday. “Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them,” Kalshi added.  Kalshi is prepared to fight amid other legal…