UMA x Predict
UMA has entered a strategic partnership to power automated market resolutions for @predictdotfun on @BNBCHAIN, bringing battle-tested infrastructure to every market on their platform.
Rationale: Risk Labs operates the gas rebate program to encourage more users to participate in voting to resolve disputes. Therefore, delegates operated on behalf of a voting pool do not meet the program's intent.
Here's how onchain prediction markets market share by revenue currently looks like
Total monthly revenue in May across all four platforms is $30.66M. Polymarket dominates with 86.7% share, Limitless is a distant but meaningful second at 11.6%, and Predict and Opinion together make up the remaining ~1.7%.
We are monitoring the situation and working closely with the Polymarket team.
User funds and market resolutions are safe.
UMA contracts and systems are unaffected and not exploited.
Follow @polymarketdevs for updates.
We’re aware of the security reports linked to rewards payout. User funds and market resolution are safe.
Findings point to a private key compromise of a wallet used for internal top-up operations, not contracts or core infrastructure.
More updates to follow.
Stake your take across crypto, politics, sports, and more.
Prediction Markets are now live, thanks to @predictdotfun’s seamless integration with Binance Wallet.
Learn more 👉 https://t.co/NhmLXYLqR8
@yzilabs "we are doubling down on the direction and team we believe will mainstream verified truth markets, and push the onchain adoption one step further." - @ellazhang516
Awesome stuff, congratulations.
Across is live on Tempo. Day 1.
@tempo is the payments blockchain incubated by Stripe and Paradigm.
Bridge USDC and pathUSD in seconds, for cents: https://t.co/I3GVRMk1pW
The Bridge Across – Community Call
Join Across Co-Founder @hal2001 and Head of Marketing @jamesrichardfry for a discussion on the temp-check proposal to transition from a token-based DAO structure to a private company.
Thursday, March 19
3 PM EST
Live in our Discord
Proposal: “The Bridge Across”
A temp-check exploring whether Across should evolve from a DAO + token structure into a U.S. C‑corp. via a token-to-equity exchange and token buyout.
Thread and proposal below ⤵️
Today UMA is announcing a deep partnership with Predict, the leading prediction market platform on Binance's BNB chain.
This is a big integration. UMA now processes over 100k prediction market resolutions per month—this is 100x more than 18 months ago. And UMA will soon be rolling out much faster resolutions (as short as 5mins!) for most Predict markets.
UMA x Predict
UMA has entered a strategic partnership to power automated market resolutions for @predictdotfun on @BNBCHAIN, bringing battle-tested infrastructure to every market on their platform.