Tag: crypto prediction markets

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Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC

May 7, 2024

According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months.…
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Betting on Justice? Polymarket Odds Reveal Speculators’ Take on Bankman-Fried’s Trial

October 6, 2023

As the trial for Sam Bankman-Fried begins this week, the cryptocurrency community is eagerly awaiting the verdict. Will Bankman-Fried be found guilty or not guilty? As the trial progresses, speculators are using the cryptocurrency prediction platform Polymarket to bet on the potential outcome. Cryptocurrency Speculators Use Polymarket to Bet on Bankman-Fried’s Trial This week, Sam…
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