Core Insights - Major cryptocurrencies are experiencing a decline as the holiday season approaches, with Bitcoin, Ether, and XRP all moving lower [1] - Kraken is expanding into tokenized assets through the acquisition of Backed Finance, aiming to enhance the adoption of tokenized equities and prediction markets in 2026 [2][3] Group 1: Tokenized Assets and Kraken's Strategy - Kraken has announced the acquisition of Backed Finance, which specializes in tokenization infrastructure, to facilitate the issuance of X stocks, which are permissionless tokens representing underlying equities [3][4] - The X stocks initiative aims to integrate the advantages of crypto trading into traditional equities, allowing for 24/7 trading and self-custody, which is currently limited in traditional markets [5][6] - Over 80,000 wallets are utilizing X stocks, with hundreds of millions of dollars in assets and $14 billion in volume traded on-chain, indicating strong initial success [6][7] Group 2: Market Trends and Predictions - There is a growing institutional demand for tokenized equities, driven by the inefficiencies of traditional banking infrastructure, which has not evolved significantly in over 50 years [8][9] - Tokenization is expected to enhance liquidity and trading capabilities in equities, with Kraken anticipating significant growth in this sector throughout 2026 [9][11] Group 3: Developments in Digital Payments - Kraken has introduced the Crack Card, a debit card offering crypto rewards, which is currently available in the UK and EU, with plans to launch in the US next year [20][24] - The Crack Card signifies a shift towards a more inclusive definition of money, allowing users to transact in various currencies, including cryptocurrencies and tokenized assets [21][23] Group 4: Future Outlook and Acquisitions - Kraken plans to continue investing in its platform and expanding its offerings, with expectations of more acquisitions and enhancements in 2026 [25][26] - The company is also looking to enter the prediction markets space, which has seen increased interest and activity, indicating a broader strategy to diversify its services [16][19]

For sure, more retail investors and others will be discovering access to predictions markets across more apps. At Robinhood , prediction markets have become the fastest-growing product line by revenue, with 11 billion contracts traded by more than one million customers since launching last year. It is far from alone in going after a bigger piece of the action pioneered by platforms like Polymarket and Kalshi. Interactive Brokers , Coinbase , Crypto.com, DraftKings , Flutter Enteraintment 's FanDuel, and Fan ...

Singapore-based Crypto.com is looking to hire a new employee to work on a market-making team for sports prediction markets. In other words, this employee will face off against customers on the company’s prediction market exchange. On this premise, the cryptocurrency exchange has published a job listing to fill the position. Quant Trader to Join Crypto.com’s Internal Market Making Team Crypto.com has posted a job listing for a “quant trader” who will join its internal market-making team for sports predic ...

[2025 Crypto Wrapped] The Financialization of TruthPrediction markets didn’t just grow in 2025 — they professionalized.After the AMM → CLOB transition, the real competition shifted to distribution: tokenized access, builder codes, point programs, and incentive-driven growth loops.What’s striking is how each major player chose a different path:• Polymarket leaned into global reach — hybrid CLOBs, no-KYC access, UMA resolution, and a builder-first ecosystem that turned distribution into an open network.• Kals ...

Prediction markets are gambling.Yes, they provide new information that informs people about certain events, but they also exploit a vulnerable portion of the population.We should acknowledge both are true.@JoePompliano with a great explanation today: https://t.co/oBUnIUgas8 https://t.co/swc2wqei3d ...

Core Viewpoint - Truist Securities has lowered its price target on DraftKings Inc. to $43.00 from $45.00 while maintaining a Buy rating, reflecting increased costs associated with the company's expansion into prediction markets [1] Group 1: Company Developments - DraftKings has launched its prediction app in 38 U.S. states, including major markets like California, Florida, Georgia, and Texas, with FanDuel expected to follow suit [2] - Both DraftKings and FanDuel are proceeding with their expansions without jeopardizing their core state gaming licenses, although unresolved legal challenges remain, including potential Supreme Court rulings [2] Group 2: Financial Projections - Truist has maintained its fourth-quarter EBITDA forecast at $500 million, which is at the midpoint of the company's guidance, pending additional state-level data [3] - For 2026 and 2027, Truist has reduced EBITDA estimates by 22% and 18%, respectively, to $940 million and $1.60 billion, reflecting increased costs related to prediction markets and more conservative assumptions regarding betting handle and hold rates [4]

Prediction markets let users buy and sell contracts tied to the outcomes of real-world events, ranging from elections and economic data to sports and policy decisions, effectively turning investors' forecasts into tradable markets. Supporters say the prices can reflect collective expectations more accurately than polls or forecasts, while critics argue the products blur the line between financial markets and betting, drawing growing scrutiny from regulators. Coinbase said on Monday it will buy prediction ma ...

Core Insights - Robin Hood has officially launched its prediction markets, expanding its offerings to include a platform for users to trade on various events and outcomes [1][2] - The prediction markets have seen significant growth, starting with one contract related to the 2024 presidential election and expanding to over 1,500 contracts within a year [3][4] - In November, Robin Hood traded three billion contracts on the platform, leading to an estimated monthly revenue of approximately 30 million, marking it as the fastest-growing business segment for the company [4] Company Developments - The prediction markets are now accessible on the web, allowing users to browse and search for various contracts, enhancing user engagement beyond mobile app access [5][6] - The platform includes contracts on diverse topics such as politics, sports, weather, and economic events, indicating a broad application beyond traditional sports betting [7][10] - The prediction markets are positioned as a valuable forecasting tool, with claims of over 90% accuracy in predicting event outcomes, surpassing traditional polling methods [13][14] Industry Impact - The rise of prediction markets is expected to disrupt the sports betting industry, prompting existing platforms to adapt their strategies [10][11] - The potential for non-sports contracts to grow rapidly suggests a broader market opportunity that could impact various sectors [11] - The integration of financial markets with forecasting capabilities is seen as a transformative development, providing a more precise tool for investors and analysts [14][15] Future Outlook - Robin Hood aims to continue prioritizing retail investors while expanding access to innovative investment opportunities, including private markets and initiatives for new investors [17][18] - The company is focused on enhancing its offerings to empower retail investors, indicating a commitment to growth and accessibility in the investment landscape [19][20]

Core Insights - The prediction markets experienced exponential growth in 2025, indicating a significant shift in how individuals and organizations engage with forecasting and decision-making processes [1] Industry Overview - The prediction market industry is on the verge of further expansion, driven by advancements in technology and increasing acceptance among users [1] - The growth trajectory suggests that prediction markets could become a mainstream tool for various sectors, including finance, politics, and entertainment [1] Market Dynamics - The article highlights that the total volume of transactions in prediction markets surged, reflecting a growing interest and participation from both retail and institutional investors [1] - Key factors contributing to this growth include enhanced user interfaces, improved data analytics, and the integration of blockchain technology [1] Future Outlook - The future of prediction markets appears promising, with expectations of continued innovation and increased regulatory clarity, which could further boost investor confidence [1] - Analysts predict that as more users engage with these platforms, the accuracy and reliability of predictions will improve, making them a valuable asset for strategic decision-making [1]

RT Brandon Millman (@BChillman)Live chat in @phantom is a game-changer for prediction markets. Trading feels a lot more alive and dynamic when you can see what the community is thinking and predicting in real-time. https://t.co/q5jrNQbXRi ...