Tag: Prediction

Analyst Updates XRP Price Prediction: Why $16 Is Still On The Table

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A crypto analyst who previously predicted that the XRP price could rise toward $16 has now updated his outlook to a higher target. According to the revised projection, XRP is preparing to rally above $18, a level that would represent a staggering 369% surge from its current all-time high of about $3.84 Updated XRP Price Forecast Eyes Breakout Above $16 Crypto market analyst ChartNerd has updated his XRP price outlook from a previous analysis, reinforcing his bullish stance while outlining two potential market scenarios. He described the structure in his…

Polymarket to launch real estate prediction markets in partnership with Parcl

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Key Takeaways Parcl and Polymarket announced a partnership to launch real estate prediction markets powered by Parcl’s daily housing price indices. Polymarket will operate and list the prediction markets, while Parcl will provide independent index data used to resolve outcomes. Share this article Polymarket will soon let users trade on whether home prices rise or fall. The company said Monday it is working with Parcl to create a new suite of prediction markets focused on real estate. Blockchain-powered Parcl tracks average housing prices across global cities and neighborhoods, enabling users…

Ritchie Torres Targets Insider Trading on Prediction Markets

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US Representative Ritchie Torres is preparing to introduce legislation aimed at curbing insider trading on prediction markets, following scrutiny around a highly profitable wager tied to the sudden capture of Venezuelan President Nicolás Maduro. In a Sunday post on X, Punchbowl News founder Jake Sherman said Torres plans to introduce the Public Integrity in Financial Prediction Markets Act of 2026. The bill would prohibit federal elected officials, political appointees and executive branch employees from trading prediction market contracts linked to government policy or political outcomes when they have nonpublic information…

US bank Upgrades TeraWulf Price Target, Offers Bullish Mining Prediction

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Investment banking company Keefe, Bruyette & Woods has turned more bullish on Bitcoin miner TeraWulf, citing what it sees as a looming shift in the company’s business mix that investors have yet to fully price in. In a Wednesday report, KBW said it upgraded TeraWulf (WULF) to “outperform” from “market perform” and raised the company’s share price target to $24 from $9.50.  According to the bank, the reassessment was based on investors “underappreciat[ing] the magnitude of the BTC mining to HPC [high-performance computing] leasing mix shift in 2026-2027 and robust…

Crypto Prediction Markets Go Mainstream as Coinbase, Crypto.com Push In

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Prediction markets have emerged as one of the cryptocurrency sector’s most consequential, if not contested, frontiers. Once the domain of niche platforms, they are now attracting serious attention from major exchanges, venture capital and even traditional financial institutions.  As prediction markets move closer to the core of crypto’s business model, Crypto.com has sparked questions around fairness and market structure after seeking to hire a quantitative trader for an in-house market-making unit that would buy and sell contracts alongside other traders. Meanwhile, Coinbase has signaled a longer-term bet on regulated prediction…

Bitcoiners Bullish Over Musk Economic Growth Prediction

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The Bitcoin community is hopeful for the cryptocurrency to again rally after billionaire Elon Musk predicted that the US economy could experience significant growth by December 2026 at the earliest. “Double-digit growth is coming within 12 to 18 months,” Musk said in an X post on Tuesday, “If applied intelligence is proxy for economic growth, which it should be, triple-digit is possible in ~5 years.” Bitcoiners often look to macroeconomic signals, from growth forecasts to central bank policy, as clues for how broader economic trends could impact Bitcoin’s (BTC) price. …

Crypto.com Builds Internal Market Maker for Prediction Markets

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Cryptocurrency exchange Crypto.com is building an internal market-making team as part of its expansion into prediction markets, a move the company says is fully aligned with federal regulations and intended to improve liquidity, even as market-making in outcome-based trading continues to draw scrutiny. Bloomberg reported Tuesday that the exchange is recruiting for a new role on its market-making desk, citing a job posting for a “quant trader” who would help buy and sell contracts tied to the outcomes of sporting events on Crypto.com’s prediction platform. Source: Bloomberg The report has…

Coinbase acquires The Clearing Company to scale prediction markets

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Key Takeaways Coinbase acquired The Clearing Company to scale its prediction markets offering. Customers will be able to trade on real-world event outcomes alongside crypto and equities on Coinbase. Share this article Coinbase has inked a deal to acquire The Clearing Company as it expands its push into event-based trading. The deal is expected to close in January, pending customary conditions. Founded earlier this year by Toni Gemayel, a former Head of Growth at Polymarket and Kalshi, The Clearing Company is a US-based startup focused on building an infrastructure for…

Coinbase Acquires The Clearing Company, Expands Prediction Markets Strategy

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Coinbase has agreed to acquire The Clearing Company, an on-chain prediction markets startup that spans digital assets, politics, sports, and culture, as it expands its push to become an “Everything Exchange” offering a broad range of investment products. In an announcement shared with Cointelegraph, Coinbase said it has entered into a definitive agreement to acquire The Clearing Company, with the transaction expected to close in January. Financial terms of the deal were not disclosed. The acquisition marks a rapid turnaround for The Clearing Company, which was founded earlier this year…

Prediction Markets Hurt Fintech User Churn: Inversion CEO

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Finance platforms racing to add prediction markets are doing so at the cost of accelerated “casino-like” user churn, says venture capital firm Inversion Capital founder and CEO, Santiago Roel Santos. Santos argued in a blog post on Saturday that while he is a “believer in the underlying idea” of prediction markets, he thinks offering them in mainstream finance apps like Robinhood threatens future value capture by increasing the risk of user account liquidation.  “The problem with casino-like products isn’t that users lose money. It’s that casinos accelerate churn,” he said. …