Polymarket

Polymarket

Markets

Bitcoin’s ‘digital gold’ narrative takes a hit as as Greenland tensions rattle markets

Odds of bitcoin rising to $100,000 by the end of January plunged on the Polymarket, highlighting how the token is trading more like a risk asset than "digital gold."

pen rests on paper showing sketched graph going lower.

Markets

Polymarket trader nets $233,000 from XRP markets in a daring weekend move, outsmarting bots

A trader exploited thin weekend liquidity and automated market-making bots on Polymarket to lock in a $233,000 profit, sparking debate over whether the strategy crossed the line into market manipulation.

XRP symbol on top of dollar bills. (Unsplash/CoinDesk)

Policy

NCAA urges CFTC to pause college sports prediction markets

The group says contracts mirror sports betting but lack safeguards, warning transfer portal markets could pose “catastrophic” risks to student athletes.

(Ben Hershley/Unsplash)

Markets

New Polymarket bettor places $40,000 on U.S. striking Iran tonight

One trader went against the current trend of low chances for a strike tonight by placing the new $40,000 bet.

Three U.S. fighter jets in the air

Policy

Ukraine blocks Polymarket in wider online gambling crackdown

Polymarket is already restricted in 33 countries.

Ukrainian flag (Max Kukurudziak/Unsplash/Modified by CoinDesk)

Policy

Tennessee orders Kalshi, Polymarket and Crypto.com to cease sports betting contracts

The firms, federally regulated by the CFTC, were told to shut down Tennessee-based activity, refund deposits, and void open contracts by Jan. 31.

Kalshi website on a laptop.

Finance

Polymarket points to third-party login tool after users report account breaches

The platform attributed the incident to a third-party login provider, which several users speculated was Magic Labs, a popular tool for email-based logins.

Glasses in front of monitors with code (Kevin Ku/Unsplash/Modified by CoinDesk)

Markets

Prediction Markets Are Quietly Turning Into a New Asset Class, Citizens Says

The bank said event markets are still tiny versus stocks but are rapidly expanding beyond sports into macro and policy risk.

Hands rest on the keyboard of a laptop showing trading graphs, data. (Kanchanara / Unsplash modified by CoinDesk)

Policy

CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules

The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.

Shayne Coplan, founder and CEO of Polymarket (CoinDesk/Jesse Hamilton)

Finance

Most Influential: Shayne Coplan

Once mired in legal trouble that included federal probes and law enforcement raids, Polymarket founder and CEO Shayne Coplan has emerged victorious this year, casting off the yoke of regulatory scrutiny and growing the prediction market he founded into a $9 billion betting empire.

Shayne Coplan Polymarket