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CFTC: Prediction Markets Must Not Use American Gambling Odds to Market Event Contracts
The CFTC has required regulated event contract exchanges to comply with derivatives laws and not use American betting odds for product marketing. Prices for relevant derivatives should be presented as notional amounts or percentages to avoid misleading market participants.
Sports prediction app Onyx Odds has completed a $20 million funding round, led by Payward, the parent company of Kraken.
the sports prediction app Onyx Odds has announced the completion of a $20 million funding round, led by Payward, the parent company of Kraken. The project primarily focuses on sports event predictions and is currently expanding into other trading products.
Strategy Deposits 411.48 BTC to Coinbase Prime; Polymarket Odds of Selling BTC by End of 2026 Reach 84%
Lookonchain posted on X, stating that Michael Saylor's Strategy has just deposited 411.48 BTC, valued at $30.3 million, into Coinbase Prime. On Polymarket, the probability of MicroStrategy selling BTC before December 31, 2026, has now reached 84%.