As the market drowned in a red October, prediction market notional volume was quietly climbing https://t.co/a0HqWRNjV9 ...

@the_nof1 Full Prediction Market herehttps://t.co/cWQgPbnnJA ...

Core Insights - Polymarket has been blacklisted by Romania's National Office for Gambling (ONJN) for operating without a license, categorizing its activities as unauthorized gambling [1][2] - The ONJN emphasizes that the classification of Polymarket as an "event trading platform" does not exempt it from gambling regulations, as it involves counterparty betting [3][4] - The regulator is particularly concerned about the high volume of prediction market activity during local elections, with notable examples including over $16 million in volume for predicting the mayor of Bucharest and more than $370 million for an earlier electoral market [5] Regulatory Context - ONJN President Vlad-Cristian Soare stated that the decision to blacklist Polymarket is based on legal grounds rather than technological aspects, asserting that all forms of betting must be licensed [2] - The regulator warns that allowing a reinterpretation of counterparty betting as trading could undermine existing gambling and capital market regulations [4] Global Scrutiny - Polymarket has faced similar regulatory challenges in other regions, including a planned ban in France and a previous fine from the CFTC in the United States, which effectively restricted its operations [6] - Despite these challenges, Polymarket acquired derivatives exchange QCX, which has received a no-action letter from the CFTC, allowing it to resume activities in the U.S. [6] Financial Developments - Recently, Polymarket secured a $2 billion investment from Intercontinental Exchange, valuing the company at approximately $9 billion [7] - There is skepticism among respondents regarding the official announcement of a token by Polymarket, despite executive confirmation of plans for one [7]

Core Insights - Trump Media & Technology Group is set to launch a prediction market feature called Truth Predict on its platform Truth Social, in collaboration with Crypto.com [1][2] - The feature will allow users to bet on various outcomes, including elections and sports events, aiming to democratize information and empower users [3][2] - Truth Predict will utilize Crypto.com's native token, CRO, for trading event contracts, and will also allow conversion of in-app reward tokens into CRO [4][5] Company Developments - Truth Predict is expected to begin beta testing soon, with a full launch planned for the U.S. and subsequent global availability [5] - The partnership with Crypto.com is not new, as CRO has been used as a utility token on Truth Social and its streaming service, Truth+ [6] Industry Context - Prediction markets have gained popularity, especially during the last presidential election, with platforms like Polymarket and Kalshi seeing significant betting volumes [7] - Truth Predict will position Trump Media in competition with established platforms like Polymarket and Kalshi, where Donald Trump Jr. is an adviser [8]

Mention markets are one of the more curious byproducts of the broader prediction market boom, but also one of the more controversial. https://t.co/zli1NINMXb ...

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares traded slightly higher in Friday’s premarket session after the company accused federal investigators of secretly accessing its banking information. • DJT is building positive momentum. Get the complete picture here.Trump Media chief Devin Nunes said his firm learned that Special Counsel Jack Smith’s team subpoenaed financial records from JPMorgan Chase.He argued the move reached beyond the scope of the investigation and targeted a private business wit ...

Wow.Coinbase CEO Brian Armstrong pulled up a prediction market at the end of their earnings call today and he rattled off all the words people were betting he would say.Legend.(H/t @0xTyrael)https://t.co/NvK1x37fnA ...

Live for 'Against The Odds' talking prediction market latest, sports betting legal issues, Myriad, Bracky & morehttps://t.co/rdIObSBj1D ...

RT BSCN (@BSCNews)🚨 TRUMP’S TRUTH SOCIAL TO ENTERS THE PREDICTION MARKET!The media platform partners with @cryptocom to launch a CFTC-regulated event trading feature for politics, sports, and more. Here’s what’s coming👇https://t.co/nwE1E6HzNQ ...

RT BSCN (@BSCNews)🚨 TRUMP’S TRUTH SOCIAL TO ENTERS THE PREDICTION MARKET!The media platform partners with @cryptocom to launch a CFTC-regulated event trading feature for politics, sports, and more. Here’s what’s coming👇https://t.co/nwE1E6HzNQ ...