The U.S. presidential race is full of surprises, and Polymarket, a predictions-betting site on the Polygon blockchain, plays a significant role in forecasting future political events. Here’s a breakdown of recent developments:
Playing Politics on Polymarket
Polymarket, a predictions-betting platform, raised $70 million in funding in May. The CEO, Shayne Coplan, highlighted the platform’s growing adoption as an alternative news source. Despite being illegal in the U.S. due to regulatory issues, Polymarket users have placed bets on various political events, including President Joe Biden’s chances of reelection and Vice President Kamala Harris’s potential nomination. The platform also saw activity around former President Donald Trump’s prospects, including his vice president pick, Sen. J.D. Vance (R-Ohio).
Recent social media posts have showcased significant winnings on Polymarket bets, with users claiming substantial sums. While not accessible in the U.S. following a settlement with regulatory authorities, there’s a growing interest in using prediction markets for political risk assessment, as highlighted by the hiring of statistician Nate Silver by Polymarket.
Current Cryptocurrency News
- Richard Kim, founder of Zero Edge, admitted losing millions on bitcoin trades.
- The Federal Reserve Bank of New York posted a job opening for a digital assets market specialist.
- BlackRock’s CEO, Larry Fink, endorsed bitcoin as a legitimate financial instrument.
- Huione Pay received crypto linked to North Korean hackers.
- Craig Wright updated his website to clarify his non-involvement in Bitcoin’s creation.
Protocol Village Highlights
Project | Description |
---|---|
Chromia | Launched its mainnet, marking the beginning of the relational blockchain era. |
Polygon Labs | Released the Plonky3 zero-knowledge proving system as open-source software. |
Waves | Introduced a testnet for Units.network, an ecosystem of interoperable blockchains. |
Pyth | Launched Express Relay on mainnet, offering a decentralized solution for MEV in DeFi. |
Ava Protocol | Launched its mainnet on Ethereum for smart contract automation. |
CarnationFM: Decentralized Radio with Hidden Messages
CarnationFM is a project embedding encrypted messages into music files broadcast through Swarm on the Ethereum blockchain. Inspired by Portugal’s Carnation Revolution, the project won the Best Social Impact award at EthBerlin for its innovative approach.
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