Chainlink’s Data Moat: Why Tokenized Finance Still Needs Trusted Oracles

Institutional interest in prediction markets raises questions around liquidity, market depth, event risk and the line between trading and betting.

The post States have lost $1 billion due to prediction markets: Gaming association appeared on BitcoinEthereumNews.com. The American Gaming Association now estimates that states have missed out on more than $1 billion in tax revenue due to the rise of prediction markets.  In an appearance on CNBC’s “Squawk Box” detailing the estimate, association president and CEO Bill Miller said that the lost money has consequences for communities due to the taxes states collect on regulated gambling.   “It’s about states and tribes that are losing literally a billion dollars today in state and tribal revenue that would otherwise go to fund important community projects,” he said, referencing the consequences it has on Native American casinos’ revenues too.  Miller — whose organization is an advocate for casino operators, manufacturers and employees — said prediction markets amount to “backdoor sports betting.” The only difference, in his view, is that they aren’t regulated in the same way as sportsbo

Gemini's partnership with SpaceXAI could reshape prediction markets by enhancing user engagement and fostering competitive innovation in the sector. The post Gemini taps SpaceXAI to develop personalized prediction markets feed appeared first on Crypto Briefing.

The post Spain Blocks Polymarket and Kalshi Amid Gambling License Investigation appeared on BitcoinEthereumNews.com. Spain blocks Polymarket and Kalshi amid gambling licence investigation actions. Regulators treat prediction markets as gambling requiring strict approval rules. Global pressure grows as countries restrict prediction market platforms expansion. Spain intensified its crackdown on prediction market platforms after regulators blocked domestic access to Polymarket and Kalshi during a new gambling licence investigation. Authorities believe both companies may have operated illegally in the country without securing approval from Spanish regulators. Consequently, the dispute adds fresh pressure on a rapidly growing sector that already faces mounting restrictions across Europe and beyond. Spain’s Ministry of Consumer Rights confirmed Tuesday that it opened disciplinary proceedings against the two US-based platforms. Officials stated that prediction markets fall under gambling regu

The post Chainlink’s Biggest Holders Are Quietly Repositioning – Binance Data Reveals Why appeared on BitcoinEthereumNews.com. Chainlink’s Biggest Holders Are Quietly Repositioning – Binance Data Reveals Why | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussi

The case highlights increasing regulatory scrutiny on prediction markets, potentially leading to stricter compliance measures and enforcement. The post Google engineer charged with insider trading on Polymarket for $1.2M in profits appeared first on Crypto Briefing.

The case highlights growing regulatory scrutiny on prediction markets, raising questions about data security and market manipulation risks. The post US charges Google engineer with insider trading on Polymarket over search trend bets appeared first on Crypto Briefing.

The post Polymarket trader accused of making $1.2M using Google insider data appeared on BitcoinEthereumNews.com. U.S. authorities have charged a Google software engineer with insider trading tied to prediction markets, as federal regulators continue tightening scrutiny around Polymarket and other event-based trading platforms. Summary U.S. prosecutors and the CFTC have charged a Google engineer over alleged insider trading tied to Polymarket bets. Authorities said the trader used unreleased Google search trend data to place $2.7 million in prediction market wagers. According to the U.S. Department of Justice, Google employee Michele Spagnuolo allegedly used confidential company information to place trades on Polymarket before Google publicly released its 2025 search trend rankings. “A Google employee allegedly used confidential information to make more than $1.2 million through insider trading on a prediction market,” said U.S. Attorney Jay Clayton. “Corporate insiders who misuse conf