Polymarket accused of changing settlement rules to void winning bet on Strategy Bitcoin sale

A Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to no after traders disputed how the sale should count.

Strategy's sale of 32 BTC in May sparked one of the most contentious debates around Polymarket's resolution criteria.

The lawmakers are also asking the FTC for information on whether it has plans to take investigative or enforcement action against prediction markets for possible deceptive practices.

Polymarket has finalized a disputed prediction market with a “No” outcome after 98.6% of voting power backed the decision in a final UMA review, despite Strategy disclosing that it sold 32 Bitcoin before the market’s May 31 deadline. According to…

An in-depth overview of Augur, its prediction market model, the REP token, ecosystem context, risks, and practical considerations. The post Augur: Decentralized Prediction Markets and Token Mechanics appeared first on BiteMyCoin.

U.S. House Democrats urge FTC to probe prediction markets over ads that frame event contracts as sports betting despite financial-product claims.

$8.6B April taker volume put Kalshi ahead of Polymarket as CFTC actions and state pushback reshape who can list what. The legal and liquidity stakes are rising.

Economist and macro trader Alex Krüger has argued that “crypto” has largely failed as an asset class, even as blockchain-based adoption accelerates across stablecoins, tokenization, prediction markets, perps, AI and privacy-focused assets. In a post on X, Krüger drew a sharp distinction between the speculative crypto market of recent cycles and the parts of the industry he believes are still showing meaningful traction. His central claim was blunt: most crypto tokens have failed to produce durable value for holders, while founders and insiders have repeatedly used the sector’s weak guardrails to extract liquidity from retail investors. “I largely think of ‘crypto’ as a failed asset class at this point,” Krüger wrote. “I’ve written about the causes multiple times. Mainly, most crypto assets are worthless, or have dreadful value accrual, and most founders have abused the lack of guardrails and dumped on people indiscriminately, or are outright scammers.” Krüger said the damage was compou