See the full story in the original article.
Read the original on CoinDesk ↗
Keywords
cryptoPolymarketprediction markets
Open a keyword to see other news on the same topic.
Related news
- 15-Minute Markets For Cryptocurrency Prices Are Surging in Popularity. It's Easy to Predict What Happens Next.
Ultra-short-term prediction contracts on cryptocurrency price moves are growing in popularity, with Coinbase offering 15-minute contracts on Bitcoin, Ethereum and eight other major cryptocurrencies from Oct. 6, and Kalshi supplying the infrastructure. Financial Times reporting showed that five- to 15-minute contracts made up more than half of crypto betting on Kalshi and Polymarket as of March 2026. The author argues most bettors will lose money due to high fees and faster automated traders. A Galaxy Research report from Oct. 1 found that 69% of 2.9 million Polymarket accounts apparently run by people lost a combined $338.9 million, while 125,429 automated accounts gained $246.8 million. The author concludes that long-term investors have no good reason to use these contracts as a hedge or for returns, and expects tighter regulation to follow.
- Polymarket CEO Shayne Coplan Says Crypto Investors Can Achieve Superior Returns With Prediction Markets. Here's Why He's Right.
Speaking at TOKEN2049 in Singapore, Polymarket CEO Shayne Coplan suggested crypto investors could earn superior returns by trading prediction market event contracts instead of buying crypto on the spot market. The article describes the crypto market as driven by “irrational exuberance” and a “hot potato” game, where altcoins promising 100x returns often crash, with Bitcoin and Ethereum as notable exceptions. It argues prediction markets offer more “predictable” returns, citing a hypothetical example of Bitcoin contracts accumulated when BTC was $60,000 that would be profitable with Bitcoin near $85,000, and noting such contracts can also profit in falling markets. The author says prediction market contracts shouldn’t make up an entire portfolio because that would be too risky, but could boost a long-term buy-and-hold portfolio.
- Polymarket suspended trading amid reports of user funds being drained
Prediction markets platform Polymarket halted trading on Thursday after reporting that one of its third-party providers had been compromised, causing a “major outage” in its Predictions Trading API. The platform moved into “cancel-only” mode while it fixed the issue, and its latest status update said all systems were operational. Polymarket said it had referred the matter to relevant law enforcement and that anyone affected will be made whole. Meanwhile, several users claimed online that their accounts had been drained of thousands of dollars after their positions were sold without consent. The story is developing, and more information will be added as it becomes available.
- Pentagon bans US forces from using military info to bet in prediction markets
US Defense Secretary Pete Hegseth has barred all Pentagon personnel from using nonpublic information to place wagers on upcoming military action, including on platforms such as Kalshi and Polymarket. In a memo sent Tuesday to senior Pentagon and defense agencies, he warned that enemies watch these markets and that financial stakes can distort judgment. The directive follows the April indictment of US Army soldier Gannon Ken Van Dyke, who is accused of using classified information about the operation to capture Venezuelan leader Nicolás Maduro to make more than $400,000 on Polymarket; he has pleaded not guilty. In February, Israeli authorities also arrested and indicted a military reservist and a civilian over alleged bets on Polymarket tied to Israeli strikes on Iran.
- Utah AG sues Kalshi, pursues profits from prediction market company
Utah Attorney General Derek Brown sued Kalshi, its affiliates and two Susquehanna trading companies, alleging the prediction market platform has facilitated illegal betting in the state since 2024. Utah asked the court to compel the companies to return about $30 million to $60 million in profits and to stop sports, election, politics and culture bets in Utah. The lawsuit alleges Kalshi illegally served more than 32,000 users in the state, causing significant losses. A judge had earlier ruled for Utah in August, and an appellate court denied Kalshi's injunction request in September. The case is one of many filed by states against prediction market platforms such as Kalshi and Polymarket, as the U.S. Supreme Court considers New Jersey's case.
- Polymarket reports outage on international exchange, halts trading
Prediction market Polymarket said its international platform is experiencing an outage after a hack of an unnamed third-party provider, and it halted trading there. Traders reported unauthorized withdrawals from their accounts on Thursday afternoon; the company said it fixed the issue on its end and trading will resume at 3:00 p.m. ET. Polymarket said it will make whole any affected wallets and has referred the matter to U.K. law enforcement, since the provider operates in the U.K., while its domestic U.S. exchange ran normally. The international exchange runs as a decentralized finance platform on the Polygon blockchain and is not regulated in the U.S., and the disruption comes just days before the U.S. midterm elections on Nov. 3, when volumes are expected to rise.
Related markets
Latest news
- History Says Adobe Stock Comes Back From Deep Drops. It's Now 64% Below Its 2021 Record.
Adobe's stock closed at a record $688.37 on November 19, 2021, and now trades around $248, about 64% below that peak, after a June 25 closing low of $193.41. Since 1990 it has fallen at least 30% from a record close eight times and set a new record after each drop. The author argues the current slump differs from the 2002 and 2009 slumps, which came with shrinking revenue, since Adobe's revenue has not declined this time, and fiscal Q3 2026 revenue rose 13% to a record $6.76 billion. The main worry is that AI agents could reduce the number of per-user seats Adobe bills; its AI-first ARR passed $650 million, up more than 150%, but is still a small share of $27.5 billion in total ARR. At about 10 times management's targeted fiscal 2026 adjusted EPS, the stock compares with almost 19 times expected earnings for the S&P 500.
- Does The Move In CrowdStrike Stock Change Anything?
CrowdStrike shares returned 95.0% in the year to October 28, 2026, compared with 13.7% for the S&P 500. Most of the gain came from investors paying more for each dollar of sales, not from sales growth alone: the price-to-sales multiple rose from 28.2 at the end of September 2025 to 50.0 by the end of September 2026. Revenue for the twelve months to July 31, 2026 reached $5.40 billion, up 24.3%, and growth accelerated for four quarters running to 25.8% in fiscal Q2 2027. Twelve-month net income was $58.5 million, versus a $279 million loss a year earlier, but the reported operating margin remained at minus 2.2%, compared with 18.5% for the S&P 500. The article says the share price appears to assume a lasting operating profit and stresses that the reported operating margin is the figure to watch at the next report.
- Stock Market Today, Oct. 29: Marvell Falls on Lumentum Acquisition Talks
Marvell Technology (MRVL) shares fell 13.24% to $218.34 on Oct. 29, on trading volume of 40.4 million shares, about 87% above the three-month average of 21.6 million. The decline followed reports that Marvell is in advanced talks to acquire Lumentum Holdings, with investors weighing financing and integration risks. Sources say the deal could be an all-stock transaction and may be announced as early as next week, though no final agreement has been reached. The S&P 500 fell 0.31% to 7,720 and the Nasdaq Composite fell 1.38% to 26,185. At its Oct. 6 investor day, Marvell had raised its fiscal 2028 revenue outlook to $20 billion.
- Why Chipotle Stock Popped Today
Chipotle Mexican Grill (CMG) shares rose 8.88% after CEO Scott Boatwright said the plan to reinvigorate growth was working. Third-quarter revenue rose 9.6% year over year to $3.3 billion, with 84 company-owned openings and five international partner-operated locations bringing the total to more than 4,200 restaurants as of Sept. 30. Comparable restaurant sales grew 2.1%, and digital sales rose to 38.8% of food and beverage revenue from 36.7% a year earlier. Restaurant-level operating margin fell to 23.3% from 24.5% despite menu price increases to offset higher beef, freight and labor costs, while adjusted net income was $344.6 million, or $0.27 per share. For 2027, Chipotle plans 340 to 360 openings in the U.S. and Canada and 15 to 25 in other international markets.
- 'Workloads are moving': Amazon's Jassy says AWS still growing amid cloud move
During Amazon's third-quarter earnings call, CEO Andy Jassy said Amazon Web Services (AWS) is still growing as more companies move to the cloud. He noted that about 85% of global IT spending remains on-premises, and that over a 10 to 20 year cycle this balance will flip toward the cloud. Workloads long considered unlikely to move, such as mainframes and storage array networks, are now shifting, as AWS has built cloud substitutes and AI-driven migration tools. He said enterprises gain lower capital expenditure, reduced operating costs, faster innovation, better developer productivity and easier data access to leverage AI.
- Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
At least $5.57 billion has left Binance-linked wallets on Ethereum, Bitcoin and Tron on Thursday, according to an on-chain tally, and Binance says it is investigating and has not confirmed any impact on user funds. If confirmed as a hack, it would be the largest crypto theft on record. Tether froze 975.1 million USDT and Circle froze 823 million USDC in the main receiving wallet, about $1.8 billion in total. The funds came from hot wallets: $3.51 billion on Ethereum, $1.44 billion in 18,270 Bitcoin and $630 million on Tron. Bitcoin fell below $79,000, BNB dropped about 7% and Monero rose about 6%.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.