ESMA warns many prediction market event contracts already face EU retail ban
The European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives.
BitcoinEthereumNews·
The post How trader turned $420 into $1.3 million on Polymarket appeared on BitcoinEthereumNews.com. A full-time sports analyst has emerged as one of the biggest success stories on cryptocurrency-based prediction market platform Polymarket, reportedly turning an initial balance of about $420 into over $1.3 million in profits. On-chain data from the platform shows the trader, known as frankfrankfrank, achieved the feat through disciplined, high-conviction betting across sports, tennis, and esports markets. Trader’s Polymarket bets. Source: Polymarket After joining in late 2025, the trader built an impressive record by maintaining a concentrated portfolio, typically holding six to seven large positions and increasing exposure when his analysis identified mispriced probabilities. His strategy centers on fading heavily backed favorites in major soccer leagues, targeting overvalued top seeds in tennis, and exploiting inefficiencies in esports markets such as League of Legends, Counter-Strik
Read full articleThe European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives.
Polymarket traders are pricing only a 21% chance that bitcoin hits $70,000 before the end of July, with the coin trading near $61,600. The skepticism persists even as U.S. spot bitcoin ETFs just posted their strongest daily inflow since early May. Betting on a Bounce, Not a Breakout Prediction market traders see bitcoin recovering this […]
This incident underscores the vulnerability of prediction markets to data manipulation, potentially undermining their reliability and integrity. The post Spotify demands Kalshi, Polymarket drop its logo after streaming manipulation appeared first on Crypto Briefing.
The biggest sporting event on Earth has become the biggest liquidity event in prediction market history. Billions in tournament volume, a $45 billion June across the sector, one very expensive longshot trap, and a CFTC probe arriving right on schedule.…
Inside UMA's optimistic oracle: how Polymarket markets settle, the $60M Strategy dispute, whale voting risks, and the rival settlement designs.
The absence of crypto in this major transfer underscores its limited integration and impact in mainstream sports finance. The post European football’s €25M transfer highlights crypto’s unfinished business in sports appeared first on Crypto Briefing.
Increased scrutiny on Polymarket may lead to stricter regulations for prediction markets, impacting their marketing and operational practices. The post Polymarket faces scrutiny over deceptive social media videos showing fake profits appeared first on Crypto Briefing.
Allium says US users dominate Polymarket political bets despite geoblocks, raising new questions over oversight and market access risks.