Polymarket | Crypto

A routine $10,000 prediction market on Polymarket covering Sunday’s NASCAR Cup Series race erupted into a dispute in UMA’s history after the oracle rejected an early settlement proposal, despite it being accurate.  As reported by the X user known as Domer on July 24, the clash has revived questions about how UMA’s optimistic‑oracle process balances […] The post Polymarket $10k bet on NASCAR race turns to $60k dispute following Zelensky controversy appeared first on CryptoSlate.

Bettors on the Polygon-based prediction market Polymarket are assigning a 96.3% probability that the Federal Reserve leaves interest rates unchanged at its July 29–30 meeting, according to the platform’s contract covering the decision.  On top of the percentage of bets on “no change,” the platform’s dashboard shows 3% betting on a 25‑basis‑point cut, and less […] The post Polymarket shows 96.3% odds of no rate cut next week despite Trump claiming Fed is ‘ready’ to ease appeared first on CryptoSlate.

Crypto prediction market Polymarket is considering launching its own stablecoin to gain control over the interest-bearing reserves currently backing USDC deposits on its platform, CoinDesk reported, citing sources familiar with the matter. The deliberations reflect a broader industry trend as platforms seek to internalize stablecoin-related revenue, particularly in closed ecosystems. The source told the news […] The post Polymarket mulls own stablecoin for efficient use of USDC reserves appeared first on CryptoSlate.

Polymarket comes back to the United States more than two years after US regulators dropped investigations into the predictions market platform. Online betting platform Polymarket said it acquired QCEX, US-licensed derivatives exchange and clearinghouse for $112 million, paving the way for the company’s return to the United States after a hiatus of more than two years. According to its website, QCEX is based in Boca Raton, Florida, with both entities, the derivatives exchange and the clearinghouse, under the oversight of the Commodity and Futures Trading Commission (CFTC). Polymarket is a decentralized prediction market platform that lets users trade on the outcomes of real-world events, such as election results and sports events. According to Token Terminal, trading volume on the prediction platform surpassed $15 billion over the past year. Read more

Polymarket acquired the holding company behind QCX LLC and QC Clearing LLC for $112 million, securing a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse. According to the July 21 announcement, the movement will enable the blockchain prediction venue to serve American customers in compliance with federal regulations. Regulatory reset precedes deal The purchase arrives […] The post Polymarket eyes return to the US following acquisition of CFTC-licensed QCEX for $112M appeared first on CryptoSlate.

With investigations from two major US agencies now reportedly closed, Polymarket has reached a critical regulatory milestone ahead of its $200 million funding round. The United States Department of Justice and the Commodity Futures Trading Commission (CFTC) have reportedly closed their investigations into online betting platform Polymarket after several months. According to a Bloomberg report on Tuesday, authorities ended investigations into Polymarket to investigate whether the platform was accepting trades from US-based users. The investigation reportedly ramped up after the 2024 US elections, when many Polymarket users were betting on the outcome of races.  The company reached a $1.4 million settlement with the CFTC in 2022. Amid the reported investigations in November 2024, the Federal Bureau of Investigation (FBI) raided the home of Polymarket CEO Shayne Coplan, confiscating his electronic devices.  Read more

Crypto bettors have staked millions on whether the outfit technically counts as a suit, while a renowned fashion industry commentator hasn’t helped, calling it “both a suit and not a suit.” Ukrainian President Volodymyr Zelenskyy’s outfit at a June 24 NATO meeting in the Netherlands has become the focal point of a fierce dispute between Polymarket bettors.  A user on Polymarket, a crypto-based prediction platform, created a betting market that asked whether Zelenskyy would wear a suit before July. To settle the bet, a photo or video must show Zelenskyy wearing a suit between May 22 and June 30. The market racked up nearly $79 million in volume. The result initially landed on “yes,” but has been disputed twice since and now awaits a final decision.  Read more

Polymarket’s growth fuels USDC demand, with stablecoins driving high-velocity settlement activity.

Crypto-based prediction markets are signaling that impeachment odds for US President Donald Trump remain low, despite a formal push in Congress. According to data from Polymarket, crypto bettors estimate that there is just a 6% chance that Trump will face impeachment proceedings in the US House of Representatives before the end of 2025. This marks […] The post Polymarket data shows low chances of impeachment for President Donald Trump appeared first on CryptoSlate.

The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his] desk.”  As of Thursday, the online betting platform Polymarket shows an 89% chance of the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, passing the US Senate and House of Representatives and being signed into law by the president before 2026. The Polymarket bet seemed to have been launched roughly 18 hours after the bill passed in the Senate in a 68-30 vote on Tuesday. It’s unclear whether the bill will have enough support to pass the House in its current form or whether lawmakers could add amendments to address concerns over Trump’s connections to the crypto industry, including World Liberty Financial’s stablecoin, USD1. A majority of senators voted against ...

The two companies struck an agreement to create a product that will explain market moves, combining data from X posts, event contracts from Polymarket and xAI’s chatbot, Grok.  

Polymarket, the decentralized prediction platform known for its election forecasting accuracy, has been named the official prediction market partner of X, the social media company owned by Elon Musk. The partnership, announced on June 6, signals a growing role for markets in shaping public understanding of news, politics, and real-world outcomes. Polymarket celebrated the partnership […] The post X and Polymarket partner up to bring decentralized prediction markets to social media appeared first on CryptoSlate.

Clues suggest that Pokémon is headed to Sui, a Filipino Cardinal is a leading Pope candidate on Polymarket, and more. Asia Express Pokmon and crypto fans are speculating that the beloved monster-collecting universe could be taking its first steps into Web3 via the Sui blockchain. On April 23, The Pokmon Company released an update for its Pokmon HOME mobile app, a cloud-based hub for managing and trading Pokmon characters across various games and devices. The update dropped a new medal collection feature, but what really caught the crypto communitys attention was a quiet change in the apps privacy policy. In certain regions, the policy now adds Parasol Technologies as one of the developers that The Pokmon Company may share user data with. Parasol is a blockchain gaming studio recently acquired by Mysten Labs, the core team behind the Sui blockchain. Read more