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forklog.media Criticism Over Partnership: Journalists Investigate Polymarket and Kalshi

The American publication More Perfect Union (MPU) has released a video investigation into prediction markets. The investigation was prompted by Polymarket's proposal to integrate the platform's odds into MPU reports. Instead of collaborating, the journalists scrutinized Polymarket's business model and public statements by the company's head, Shayne Coplan. They concluded that prediction platforms exploit Americans' economic anxieties under the guise of "financial democratization." Forecast Accuracy Lower Than Claimed The authors cited a study by Vanderbilt University concerning the 2024 U.S. elections. According to its findings, Polymarket's forecast accuracy was 67%, while Kalshi's was 78%. The older platform, PredictIt, showed a much higher result of 93%. The journalists noted that Coplan had given an interview to the program 60 Minutes, calling prediction markets "the most accurate tool humanity has at the moment." The report also mentioned the February U.S. employment report. Market participants predicted an increase of 60,000 jobs, but the actual difference from the final figure was 150,000. Insider Trading as Part of the Model Economist Robin Hanson, one of the ideological inspirations behind modern prediction markets, stated in the video that insiders on such platforms are the norm. U.S. Senator Chris Murphy commented to MPU, describing prediction markets related to government decisions as inherently unfair: "All bets on government actions are rigged because someone in the government knows the outcome. Many other bets are also rigged — a small circle of influential people knows the result in advance." Murphy believes that contracts where thousands of people know the result in advance should not be traded at all. In March, Kalshi and Polymarket announced new measures to combat insider trading. Experts interviewed by MPU doubted that the platforms could control tens of thousands of potential insiders across all types of markets — from video game releases to Spotify streaming statistics. 0.04% of Traders Take 70% of Profits The publication provided data showing that 0.04% of traders receive about 70% of the profits on prediction markets. According to a report by Citizens Bank, clients of these platforms lose more money in the first three months of trading than users of traditional sportsbooks. Journalist and author of the U.S. gambling industry newsletter The Closing Line, Dustin Gouker, stated that 85-90% of Kalshi's turnover is in sports. For Polymarket, this figure is about 40%. Gouker described the activity as gambling, regardless of how the platforms themselves label it. Regulation and Lobbying Federal regulation through the U.S. Commodity Futures Trading Commission (CFTC) exempts platforms from local taxes and player protection requirements. For comparison, in New York State, bookmakers pay a 51% tax and are required to implement tools to combat gambling addiction. This inequality has already sparked conflict with state authorities — Kalshi has faced lawsuits from more than a dozen states demanding its activities be recognized as unlicensed gambling. However, the CFTC maintains the status quo, and Donald Trump Jr. serves as a strategic advisor to both Polymarket and Kalshi. In February, Polymarket opened a free grocery store in New York. MPU journalists visited the location during the video shoot and assessed the event as an attempt to draw Americans' attention to the gambling platform.

cryptobriefing.com Alex Pruden: Bitcoin could rise to 80-84k, market sentiment may have overreacted to ceasefire optimism, and AI advancements show no signs of plateauing | Galaxy Brains

Bitcoin's potential surge to 80-84k highlights market optimism despite looming cybersecurity and quantum computing threats. The post Alex Pruden: Bitcoin could rise to 80-84k, market sentiment may have overreacted to ceasefire optimism, and AI advancements show no signs of plateauing | Galaxy Brains appeared first on Crypto Briefing.

bitcoinmagazine.com Steak ’n Shake Teases “Bitcoin Milkshake” for Bitcoin Conference 2026

Bitcoin Magazine Steak ’n Shake Teases “Bitcoin Milkshake” for Bitcoin Conference 2026  Steak ’n Shake teased a Bitcoin-themed “Milkshake” for the Bitcoin Conference 2026, reinforcing its broader Bitcoin-focused strategy spanning payments, treasury, and payroll. This post Steak ’n Shake Teases “Bitcoin Milkshake” for Bitcoin Conference 2026  first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockmanity.com Crypto Market Dip Today: Decoding the 0.18% Decline and Key Recovery Signals

Crypto Market Dip Today: Decoding the and Key Recovery Signals The crypto market is seeing a small drop today. The total market cap fell by just 0.18% to around $2.50 trillion. This wiped out about $4.6 billion in value. But […] The post Crypto Market Dip Today: Decoding the 0.18% Decline and Key Recovery Signals appeared first on Blockmanity.

bitcoinist.com A New Bull Run? Bitcoin Investors Have Stopped Selling, And Demand Is Rising

Bitcoin flows into exchanges have dropped to levels not seen in over six years, and this could be the first of many signs of a bull run. The latest on-chain data shows a massive drop in the amount of BTC being moved onto trading platforms, hinting at a slowdown in selling activity even as uncertainty […]

news.bitcoin.com Exodus Broadens Native XRP Wallet Support as Ripple Partnership Deepens Around RLUSD and XRPL Growth

Native XRP wallet access is becoming more important as self-custody platforms compete on direct blockchain utility. Exodus expanded XRP Ledger support and deepened cooperation with Ripple, adding broader in-wallet functionality for XRP and RLUSD. Key Takeaways: Exodus is rolling out tools to manage and send XRP directly in-wallet. XRP demand drives deeper integration as usage […]

blockonomi.com Wolfe Research Highlights Meta (META), Uber (UBER), DoorDash (DASH), and Shopify (SHOP) as Prime Internet Stock Opportunities

Wolfe Research identifies Meta, Uber, DoorDash, and Shopify as leading internet stock opportunities for 2026 amid attractive valuations and growth potential. The post Wolfe Research Highlights Meta (META), Uber (UBER), DoorDash (DASH), and Shopify (SHOP) as Prime Internet Stock Opportunities appeared first on Blockonomi.

news.bitcoin.com Tether Steps In With $150M Support Plan After Drift Protocol Loses $285M in Exploit

Tether announced a recovery plan of up to $150 million to help Drift Protocol users recoup losses from an April 1 exploit that drained approximately $285 million from the Solana-based trading platform. Key Takeaways: Tether committed up to $127.5 million toward Drift Protocol’s recovery plan following the April 1, 2026 exploit. The $150 million recovery […]

forklog.media Drift Secures $127 Million from Tether for Hack Victim Compensation

The Solana-based protocol Drift has raised $148 million from Tether and other partners to recover from a $295 million hack. Today, Drift is announcing a collaboration with @tether and other partners totaling up to nearly $150 million to support our commitment to a relaunch with USDT at the center, and a path to user recovery.These funds encompass a $100M revenue-linked credit facility, an ecosystem…— Drift (@DriftProtocol) April 16, 2026 The support package includes a $100 million revenue-linked credit line, an ecosystem grant, and loans to market makers. Initially, a significant portion of the platform's revenue and the raised funds will be directed to a special pool for compensating users. As revenues grow, Drift hopes to fully cover the losses.  To facilitate payments, developers will issue a special token for each affected user. This asset will certify the right to claim from the compensation pool. Details of the mechanism will be provided later, the project team noted.  Following the news, the price of DRIFT surged by more than 21% to $0.05. Source: CoinGecko.  Relaunch  The developers will completely relaunch the protocol. Each component will undergo independent audits conducted by Ottersec and Asymmetric.  Drift will implement a multisignature system managed by the community. Signatories will operate on isolated devices, and transactions will be independently verified before signing.  For critical administrative actions, time locks and real-time alerts will be introduced. Long-term one-time numbers will be disabled. As part of the relaunch, Drift will also switch its base settlement layer from USDC to USDT. Previously, the community criticized the company behind the stablecoin, Circle, for not freezing the stolen funds. The attackers withdrew over $60 million in USDC.  Earlier in April, the project team disclosed details of the hack. The attack was orchestrated by hackers from North Korea. 

forklog.media Only One in 150 Crypto Projects Discloses Market Maker Agreements

Out of 150 major protocols, only one has publicly disclosed its terms of cooperation with market makers. This conclusion was reached by experts at Novora. New from Novora Research: IR & Token Transparency in 2026 https://t.co/qLW2R8yYvF— Novora (@novora_) April 14, 2026 The study covered leading types of projects: decentralized exchanges, lending platforms, perp-DEX, L1 and L2 networks, cross-chain bridges, and CEX tokens. They varied in FDV from $40 million to $45 billion. Experts assessed the protocols using a binary transparency system, considering information disclosure practices and coverage by third-party data. The verification was conducted using open sources. It was found that less than 1% of projects publicly disclose the terms of their work with liquidity providers. The only exception was the decentralized platform Meteora, whose developers detailed their partnership in the 2025 annual report for token holders. Most crypto projects disclose revenue information (green lines). Source: Novora. “The most significant gap in transparency in our industry,” is how Novora founder Connor King described the situation. According to him, such agreements are regularly disclosed in traditional markets, while “in the crypto sector, every participant operates without this information.” Opaque terms of cooperation with market makers remain a longstanding issue in the crypto industry. Some agreements are poorly conceived and carry hidden risks. For instance, under a common credit option model, projects lend tokens to market makers. They use them to maintain trading activity and volumes—often within listing agreements. Critics argue that in practice, this structure merely encourages the sale of borrowed coins. The price drops, benefiting the intermediary. However, as a result, startups immediately face reduced liquidity and deteriorating market performance. Reporting Gap for Investors The study revealed a systemic shortcoming: projects hardly establish communication with investors. According to Novora, 91% of protocols generate trackable revenue, but only 18% of teams release quarterly reports, and only 8% provide materials for token holders. Source: Novora. Meanwhile, third-party analytical infrastructure has already reached maturity: coverage on major platforms exceeds 85%. Basic data is widely available but rarely converted into formal reporting, specialists noted. The breakdown by project type showed uneven transparency. For example, perpetual futures protocols and decentralized exchanges lead in information disclosure and value extraction mechanisms. Meanwhile, L1 projects and infrastructure platforms lag behind, despite higher capitalization. Among networks, Ethereum leads in transparency. Source: Novora. Back in early 2025, market maker CLS Global admitted to fictitious trading of the AI token NexFundAI, created by the FBI to detect fraud.

news.bitcoin.com Morgan Stanley Bitcoin ETF Tops $100 Million in Six Days

Morgan Stanley’s spot bitcoin ETF has attracted over $100 million in inflows within six trading days. The strong debut highlights continued investor demand for low-cost crypto exposure. Key Takeaways: Morgan Stanley’s MSBT drew $103 million in 6 days since Aug. 8, showing strong ETF demand. MSBT’s 0.14% fee undercuts rivals like Wisdomtree, intensifying bitcoin ETF […]

bitcoinmagazine.com Charles Schwab to Launch Spot Bitcoin Trading for Retail Clients

Bitcoin Magazine Charles Schwab to Launch Spot Bitcoin Trading for Retail Clients Charles Schwab has unveiled additional details about its plan to launch spot bitcoin trading through its new platform, Schwab Crypto™. This post Charles Schwab to Launch Spot Bitcoin Trading for Retail Clients first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com Archer Aviation (ACHR) Stock Surges 12% Following Regulatory Breakthrough and Institutional Investment

Archer Aviation (ACHR) stock rises 12% after FAA accepts full compliance for Midnight aircraft and Sumitomo Mitsui purchases 1.4M shares. Latest details. The post Archer Aviation (ACHR) Stock Surges 12% Following Regulatory Breakthrough and Institutional Investment appeared first on Blockonomi.