News
With investigations from two major US agencies now reportedly closed, Polymarket has reached a critical regulatory milestone ahead of its $200 million funding round.
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Gambling News
Gambling is a game of chance that minimally depends on players’ skills, with its main purpose being to gain money or other material values. Gambling is restricted in many countries. As the use of virtual currencies has spread almost everywhere, cryptocurrency gambling has also become more popular among users. Because all digital currencies are decentralized, it seems difficult to regulate it in order to create a user-friendly environment in the games. Also, the decentralization of cryptocurrencies makes it almost impossible for governments to trace the use of money, because Bitcoins are stored on the players’ computers. There already exists some online games that accept Bitcoin with ability to exchange it for internal tokens or use it as the main currency of the game. Besides Bitcoin, there are also sites for gambling with Ethereum and other Altcoins. However, the future of cryptocurrency gambling is still uncertain.
- News
Betting platform Polymarket is reportedly set to be valued at $1 billion in a $200 million raise led by Peter Thiel’s Founders Fund.
10361 - News
Crypto betting platform Stake reportedly had revenue of $4.7 billion in 2024, rivaling traditional betting platforms.
7624 - News
DeFi and CeFi campaigns are far more effective at reaching existing crypto users than crypto gaming and gambling campaigns, recent data shows.
28255 - News
ZKasino’s exploit wallet lost $27 million in Ether after a leveraged position was liquidated, as investors remain empty-handed nearly a year later.
31335 - News
Gambling company DraftKings has agreed to pay a $10 million settlement to a group of NFT buyers that accused it of selling unregistered securities.
7322 - News
Buterin said online critics have painted Ethereum as bad because it hasn’t welcomed casinos to the blockchain.
6993 - News
The Slovakia Gambling Regulatory Authority has revealed a report showing the gambling habits of Slovaks for 2024.
161 - Market Analysis
Crypto-based prediction markets, casinos and sports betting are reshaping the iGaming sector while generating billions of dollars in trading volume.
1308 - News
Former Thai PM Thaksin Shinawatra urges stablecoin adoption and online gambling legalization to boost Thailand’s revenue and innovation.
8856 - Investigation
Blockchain casino project Mpeppe launched a claim portal for users to receive 25% of tokens owed, but users say they can’t sell because there is no liquidity.
2655 - Follow up
Predictions markets had an edge on the polls in the 2024 US election, but are they actually helping pundits predict the future?
13870 - News
The CFTC says a federal court judge “mistakenly erred” when it allowed betting market Kalshi to list event contracts for the 2024 US elections.
3754 - News
Only 12.7% of Polymarket users have made profits in the prediction market, with most earning less than $100, according to onchain data.
8559 - Follow up
While some say that prediction markets are a risk to democracy, others think they could serve the public by offering valuable insights and risk management tools.
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