Everything web3, crypto, defi, degen
In brief Romania’s gambling regulator blacklisted Polymarket in the country. The regulator said it meets the definition of counterparty betting as users put up a stake, and a future event determines the outcome. Of particular concern was expanding volumes on Romanian elections, which have stretched into the millions of dollars. Leading prediction market Polymarket was…
In brief Veteran Ethereum Core Developer Péter Szilágyi has argued that Vitalik Buterin has effective control over the non-profit Ethereum Foundation. He claimed that a small number of people are dominating new investment and advisory roles. The CEO and founder of the Polygon Foundation also critiqued the Ethereum Foundation’s governance. Longtime Ethereum Core Developer Péter…
In brief Polymarket is set to reopen to U.S. users, possibly as soon as tomorrow. The relaunch comes nearly four years after being banned by the CFTC and after its $112 million acquisition of CFTC-licensed exchange QCX LLC. The company has begun self-certifying event contracts including athletic events and election markets. Prediction market Polymarket is…
In brief Renewed interest in tokenized Pokémon cards is being driven by a cryptocurrency’s debut. The Solana-based project adds a new dimension to their on-chain presence. Physically-backed Pokémon card NFTs have primarily existed on Polygon. Tokenized Pokémon cards are seeing renewed interest lately, partly due to the recent debut of a token for a Solana-based…
In brief Polymarket can now return to the U.S. after the CFTC said it won’t pursue certain enforcement actions against QCX, CEO Shayne Coplan said Wednesday. Polymarket acquired QCX, a licensed exchange already regulated by the CFTC, for $112 million in July. Polymarket was banned from the U.S. in 2022, and has been looking for…
In brief Polygon’s consensus layer was knocked offline by a “validator exit.” The Polygon Foundation said it’s working to fully restore affected services. Polygon underwent a “technically complex” upgrade earlier this month. Ethereum scaling solution Polygon was disrupted for over an hour on Wednesday after a validator leaving the network triggered an unexpected bug.In a…
In brief Prediction markets enable users to speculate and bet on the outcome of any future event. The price of one “share” in a prediction market ranges from between $0.00 to $1, and its price correlates to its percentage chance of winning. Once the event has taken place, the market resolves, with the price going…
In brief Polymarket acquired derivatives exchange QCX for $112 million, the prediction market startup announced Monday. The company is trying to re-enter the U.S., founder and CEO Shayne Coplan said. In June, X tapped Polymarket as its official prediction platform. Polymarket acquired the derivatives exchange QCX alongside efforts to return to the U.S., the crypto-powered…
