A new daily market on @Kalshi allows betting on Bitcoin's closing price at 5 PM, with up to $2 million in daily volume. Great for Bitcoin holders as it has created a unique opportunity to hedge exposure through an exchange for the first time.
#CryptoBetting
๐บ๐ธ US presidential race is officially tightening! Trump currently leads at around -175 (61% chance), with Harris close behind at +140 (42% chance). Key swing states like Pennsylvania and Wisconsin remain toss-ups. This race is far from over! ๐ฌ
#Election2024#bitcoinbetting
The irony !
As India look to ban #cryptocurrencies to promote the adoption of its Central Bank Digital Currency (CBDC), the digital rupee. Regulators argue that CBDCs can provide similar advantages without the risks associated with decentralized cryptocurrencies.
Ditching decentralised currencies for a govt controlled one. ๐
#CBDC #cryptoindia
$2B volume just been reached on Polymarket for US election outcome. ๐คฏ Few whale accounts driving Trump trades, ignoring rationale (dance moves aside ๐บ). Close race could impact prediction market credibility big time. Polls tight - margin of victory crucial. #USElection2024 #PredictionMarkets #Bitcoin
English Premier League clubs have started embracing crypto. With teams swap gambling sponsors for digital assets, raking in a record ยฃ130M for 2024/25 season.โฝ๏ธ๐๐ฐ
#EPL#Bitcoin#CryptoBetting
Only 12.7% of Polymarket users have made profits in the prediction market, with most earning less than $100, according to onchain data.
https://t.co/s8WiyT1O1W
@elonmusk has publicly endorsed prediction markets like @Polymarket arguing they are more accurate than polls because "real money is at stake". But is he right๐ค
Here's the facts:
Betting odds have successfully predicted the winners in 77% of elections over the past 35 years
In presidential elections since 1980, betting odds have only been wrong once, in 2016
#CryptoBetting #CryptoNews #cryptotrading
All eyes ๐on FOMC meeting
#BTC surges past $60k as ETF hopes rise! Meanwhile, Ethereum struggles below $2.3k and Solana dips. CKB emerges as top gainer with 15% jump. . Crypto adoption index shows growth across income levels in 2024 ๐
#CryptoMarkets#Cryptobetting#BTCNews