Bitcoin options traders say $80K is a given as Trump victory odds spike
Bitcoin’s brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed.
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Bitcoin’s brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed.
The most recent Polymarket odds put Trump’s chances of winning the 2024 Presidential election at 60.3% and winning all six swing states.
The prediction marketplace has certified more than a dozen political event contracts since prevailing in a court battle in September.
Traders can now hedge exposure to memecoins including PEPE and FLOKI.
Betting on US political outcomes is permitted for the first time weeks ahead of the November presidential election.
The ruling paves the way for election prediction markets to operate in the United States.
US appeals court judges peppered the CFTC and betting platform Kalshi’s lawyers with questions as the regulator bids to overturn a lower court’s decision allowing […]
If an offshore entity’s “footprint” in the US is big enough, they must register their derivative contracts or risk facing enforcement actions, says CFTC Chair […]
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.”
The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order.
