Prediction markets on Myriad show a sharp turn toward bearish sentiment for Bitcoin and Ethereum as both cryptocurrencies extend recent losses. Traders now heavily favor downside targets of $55,000 for Bitcoin and $1,500 for Ethereum over near-term rallies. Meanwhile, a separate market gives the Seattle Seahawks a 69% chance to win the Super Bowl.
about Crypto Prediction Markets Turn Bearish Amid Bitcoin, Ethereum SlumpDraftKings
0 in Finance and 1 in Crypto last weekPolygon Labs Acquires Coinme & Sequence for $250M Payments Push
In a strategic $250 million acquisition spree, Polygon Labs is transforming from an Ethereum scaling specialist into a regulated payments powerhouse. By purchasing cash-to-crypto platform Coinme and infrastructure firm Sequence, the company is building comprehensive middleware for businesses navigating the emerging world of stablecoins and tokenized securities. This marks a decisive shift from pure infrastructure development toward revenue-generating services, as CEO Marc Boiron aims to capture value through regulated on-ramps and enterprise-grade wallets.
about Polygon Labs Acquires Coinme & Sequence for $250M Payments PushDraftKings Expands with Missouri Launch, Spanish App & Prediction Markets
DraftKings (DKNG) is executing a multi-pronged growth strategy, launching operations in Missouri, rolling out a Spanish-language app experience, and developing a prediction market platform. These initiatives arrive as the sports betting giant navigates a volatile market, with its stock posting a roughly 10% one-month gain to $33.61 but suffering a 24.93% decline over the past year. Analysts are scrutinizing whether these expansions can reignite sustainable growth amidst intense competition.
about DraftKings Expands with Missouri Launch, Spanish App & Prediction MarketsGovt May Backstop AI Chips; Musk’s $1T Tesla Pay Approved
OpenAI’s CFO suggests potential government backing for AI chip investments, signaling major policy support for critical technology infrastructure. Meanwhile, Tesla shareholders have approved Elon Musk’s monumental $1 trillion compensation package, reinforcing his leadership amid ambitious growth targets. Company earnings from Affirm and DraftKings round out this corporate developments update.
about Govt May Backstop AI Chips; Musk's $1T Tesla Pay ApprovedGoogle Finance Adds AI-Powered Prediction Market Data
Google is fundamentally transforming its Finance platform by integrating artificial intelligence capabilities that will provide users with real-time prediction market data from leading platforms Polymarket and Kalshi. This strategic enhancement allows investors to ask natural language questions about future economic events and receive probability-based market insights, marking a significant evolution in financial data accessibility. The rollout begins with early access for Google Labs users in the coming weeks, positioning Google Finance at the forefront of the rapidly expanding prediction market ecosystem.
about Google Finance Adds AI-Powered Prediction Market DataOctober Layoffs Hit 22-Year High Amid AI Job Cuts
October witnessed the highest level of layoffs in 22 years as companies increasingly turn to AI and cost-cutting measures. Meanwhile, caution persists around tech valuations despite Qualcomm’s bullish forecast, and Disney partners with DraftKings for sports betting. The latest Bloomberg Open Interest report reveals significant workforce reductions driven by AI implementation and corporate cost-cutting initiatives, while major corporate developments signal strategic shifts across multiple industries.
about October Layoffs Hit 22-Year High Amid AI Job CutsMoviePass Launches Mogul: Fantasy Betting on Hollywood
MoviePass is reinventing itself by launching Mogul, a fantasy platform where users can wager on Hollywood box office performance. The service turns movie fans into active participants using prediction market mechanics without real-money stakes. This move comes as major betting companies like DraftKings show growing interest in prediction markets, positioning MoviePass at the intersection of entertainment and emerging betting technologies.
about MoviePass Launches Mogul: Fantasy Betting on HollywoodRobinhood Prediction Markets Outpace Transaction Revenue
Robinhood’s bold foray into prediction markets is rapidly transforming the retail brokerage’s revenue landscape, with analysts projecting sports betting and event contracts will soon eclipse traditional transaction processing as the company’s primary growth engine. Compass Point analysts forecast prediction market revenue surged 100% quarter-over-quarter to $20 million in Q3, dramatically outpacing the 35% growth expected in transaction revenue, as NFL and college football betting through partner Kalshi gains momentum. The investment bank maintains a bullish “buy” rating with a $161 price target—representing potential new all-time highs for HOOD stock—citing prediction market expansion alongside crypto trading fees and staking rewards as key drivers of the company’s evolving business model.
about Robinhood Prediction Markets Outpace Transaction RevenueDraftKings Buys Railbird, Canaan Soars, Zelle Adopts Stablecoins
This week’s financial markets witnessed significant convergence between traditional finance and digital assets, with DraftKings making a strategic prediction market acquisition, Bitcoin miner Canaan staging a dramatic recovery from near-delisting, and banking consortium Zelle embracing stablecoins for cross-border payments. These developments signal growing institutional adoption of crypto technologies while highlighting the regulatory navigation required in this evolving landscape.
about DraftKings Buys Railbird, Canaan Soars, Zelle Adopts StablecoinsPolymarket Eyes $15B Valuation in New Funding Round
Prediction market platform Polymarket is negotiating a massive new funding round that could value the company between $12-15 billion, representing a staggering 10-fold increase from its $1 billion valuation just four months ago. The platform’s rapid ascent comes amid growing mainstream adoption through partnerships with major brands including DraftKings and the NHL, while rival Kalshi also seeks funding at over $10 billion, signaling explosive growth across the prediction market sector.
about Polymarket Eyes $15B Valuation in New Funding RoundNHL Partners with Kalshi, Polymarket in Sports Betting First
The National Hockey League has become the first major US professional sports league to license its trademarks to prediction market platforms Kalshi and Polymarket, marking a watershed moment that formalizes prediction markets’ entry into sports betting. This groundbreaking partnership allows both platforms to operate under federal Commodity Futures Trading Commission oversight rather than state gaming commissions, signaling a fundamental shift in how sports betting is structured and regulated while potentially expanding the NHL’s fan base to tech-savvy prediction market users.
about NHL Partners with Kalshi, Polymarket in Sports Betting FirstDraftKings Taps Polymarket for Prediction Market Clearing
Sports betting giant DraftKings is making a strategic entry into the booming prediction market industry through a partnership with Polymarket, which will serve as the designated clearinghouse for DraftKings’ new platform. This expansion follows DraftKings’ recent acquisition of CFTC-regulated platform Railbird, positioning the company to compete in a market generating over $4 billion in monthly trading volume and signaling growing convergence between traditional sports betting and prediction markets.
about DraftKings Taps Polymarket for Prediction Market Clearing