Polymarket | ForkLog

ForkLog 118 10.10.2024

On-Chain Analysis Reveals Profitability of Polymarket Wallets

Only 13.6% of users on the prediction platform Polymarket have turned a profit, with most earning less than $100, according to data from Layerhub. In absolute terms, this equates to 24,565 wallets. Conversely, the betting activities of 156,010 clients, or 86.4% of the total audience, resulted in losses. Data: Layerhub. Among the addresses reporting profits, […]

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ForkLog 28 01.10.2024

Buterin Backs Polymarket’s Controversial Betting Section

Ethereum co-founder Vitalik Buterin has expressed support for the existence of bets related to “Hezbollah” on the decentralized prediction platform Polymarket. I support these existing. The point of polymarket is that from the perspective of traders it’s a betting site, but from the perspective of viewers it’s a news site. There’s all kinds of people […]

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ForkLog 8 24.09.2024

Polymarket Seeks $50 Million Funding and Considers Token Launch

The decentralized prediction market platform Polymarket aims to raise $50 million and is contemplating a token issuance, according to The Information, citing its own sources.

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ForkLog 171 13.09.2024

What is Polymarket?

An explainer on Polymarket: how it works, how it is evolving, and who it competes with.

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ForkLog 34 03.09.2024

Polymarket Joins Bloomberg Terminal

Shayne Coplan, the founder of Polymarket, announced the integration of the decentralized prediction platform into Bloomberg’s computer system.

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ForkLog 35 29.08.2024

Prediction Platform BET on Solana Surpasses Polymarket in Trading Volume

On August 29, the daily betting volume on the prediction platform BET, operating on the Solana blockchain, reached $23.3 million, according to Dune Analytics. Data: Dune Analytics. The graph above illustrates the rapid rise of this metric. For comparison, the cumulative figure, excluding the last reported day, was $3.28 million. In terms of daily trading […]

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ForkLog 24 20.08.2024

Solana Network Launches Prediction Market

The team behind the perpetual contracts trading protocol on Solana, known as Drift, has launched the BET prediction platform. Today, we’re launching BET on Drift — the first capital efficient prediction markets on @Solana @DriftProtocol Here’s why, and why now: A prediction market is not only a natural extension of trading — it’s the future […]

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ForkLog 37 23.07.2024

Kamala Harris Meme Coin Reaches New Heights

On July 23, the meme token Kamala Horris (KAMA), dedicated to the Democratic Party’s presidential candidate Kamala Harris, surged by 62%, reaching a new price record of $0.02821. According to CoinGecko, the coin’s market capitalization is approximately $27 million. Since its low on June 18, KAMA has risen nearly 4000%, following the withdrawal of current […]

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ForkLog 19 23.07.2024

Polymarket Transactions Surge to Record $228 Million

Since the beginning of July, transactions on Polymarket have surged to $228 million, surpassing any other month in the history of the prediction platform. This data is provided by Dune Analytics. For comparison, the figure for June was $111.6 million. Data: Dune Analytics. The platform registered a record 41,348 users over the month. Data: Dune […]

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ForkLog 57 19.06.2024

Taiwanese Citizen Charged for Betting on Polymarket Crypto Platform

Prosecutors in Taiwan have charged a citizen named Chen for placing cryptocurrency bets on the outcomes of the country’s January elections via the prediction platform Polymarket, as reported by local media. According to the case details, Chen wagered 472.17 USDC on the victory of Taiwan People’s Party presidential candidate Ko Wen-je and $60.19 on the […]

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ForkLog 102 10.01.2024

Polymarket Users Lower Bitcoin ETF Approval Odds to 84%

Prediction platform Polymarket’s odds suggest an 84% chance of a spot Bitcoin ETF being approved by January 15. Traders have wagered $8.23 million on this outcome. In the past 24 hours, the probability has decreased by 5%. On January 10, it momentarily reached 100%. The lower boundary of fluctuations over the past week was 78%. […]

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ForkLog 28 05.01.2022

CFTC fines DeFi platform Polymarket $1.4 million

The U.S. Commodity Futures Trading Commission (CFTC) fined the Polymarket prediction platform $1.4 million for operating over-the-counter binary options trading without proper registration.

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