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Predictionmarket

All articles tagged with #predictionmarket

Strategy's Bitcoin Sale Triggers Polymarket Timing Dispute
markets1 day ago

Strategy's Bitcoin Sale Triggers Polymarket Timing Dispute

Strategy (MicroStrategy) disclosed it sold 32 BTC for about $2.5 million during May 26–31, timing that clashes with a Polymarket bet asking if the sale would occur by May 31. Because the announcement came on June 1, the market’s resolution has been disputed and headed to an UMA tokenholder vote. The dispute comes amid more than $50 million in trading volume and a slide in Strategy’s stock as investors digest the timing and disclosure of the sale.

"Spot Bitcoin ETF Prospects Surge as Polymarket, BlackRock, and Goldman Sachs Signal Crypto Market Growth"
finance-and-investment2 years ago

"Spot Bitcoin ETF Prospects Surge as Polymarket, BlackRock, and Goldman Sachs Signal Crypto Market Growth"

Polymarket traders are betting on an 89% chance that the U.S. Securities and Exchange Commission (SEC) will approve at least one spot Bitcoin ETF by January 15. The optimism is reflected in the price of the "Yes" contract on the platform, which has risen significantly from 50% a month ago. The approval is anticipated to attract billions of dollars into the bitcoin market, and so far, $437,394 has been wagered on the outcome. Some traders are also purchasing "No" shares as a hedge against their bullish positions in the bitcoin market. The SEC's decision could come as early as the following Tuesday or Wednesday, according to Reuters.