• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bloomberg Integrates Polymarket Data: A New Stage for Crypto Predictions

user avatar

by Giorgi Kostiuk

a year ago

  1. Polymarket and Bloomberg Integration
  2. Rising Popularity of Polymarket
  3. Market Impact of Integration


    4. Polymarket reached another landmark moment with the integration of prediction data into Bloomberg's election platform, as reported by Chief Economist of Financial Products, Michael McDonough.

    Polymarket and Bloomberg Integration

    According to Michael McDonough, Bloomberg has decided to integrate Polymarket data into its election platform. Polymarket offers a decentralized prediction market where users can bet on real-world events, such as the U.S. Presidential Election, using the stablecoin USDC.

    Rising Popularity of Polymarket

    Created in 2020 by Shayne Coplan, Polymarket reached new heights in popularity this year. In June, cumulative bets reached $100 million, bringing the platform's total trading volume to $360 million for 2024. According to crypto.news, 88% of all bets on Polymarket this year were election-related.

    Market Impact of Integration

    Bloomberg's integration of Polymarket data is seen as a crucial step in recognizing the usefulness of blockchain technology, and it could establish the platform as a global hub for prediction opinions.

    This step by Bloomberg underscores the significance of decentralized prediction markets and their future potential. Nate Geraci, President of ETF Store, noted this news as a confirmation of blockchain technology's utility for investors and market observers.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Cash BCH Ignites Breakout Retest Could Signal 800 Target

chest

Bitcoin Cash BCH is currently performing a critical retest after a significant breakout, with analysts predicting a potential rise to 800.

user avatarEmily Carter

PEPECOIN, Bitcoin Cash BCH, and Zero Knowledge Proof ZKP Surge in Crypto Market

chest

The energy is electric as PEPECOIN, Bitcoin Cash BCH, and Zero Knowledge Proof ZKP light up the charts. Investors are frantically comparing the massive liquidity of established icons, the explosive breakout signals on recovery charts, and the mind-blowing rewards of early-stage powerhouses.

user avatarTomas Novak

Clarification on DOJ's Bitcoin Holdings Amid Reserve Discussions

chest

Patrick Witt clarifies that the Department of Justice has not sold bitcoins linked to the Samourai Wallet case, countering speculation.

user avatarKaterina Papadopoulou

Potential Catalysts for Dogecoin's Growth Include Japan Expansion and Spot ETF

chest

Potential catalysts for Dogecoin's growth include expansion in Japan and a proposed spot ETF in the US, which may enhance visibility and market participation.

user avatarMaya Lundqvist

Bank of Korea Holds Interest Rate Steady Amid Economic Uncertainty

chest

The Bank of Korea has decided to keep its benchmark interest rate unchanged at 2.50% for the fifth consecutive meeting, reflecting a cautious approach amid global economic uncertainties.

user avatarLeo van der Veen

France Flags 90 Crypto Companies Operating Without Licenses

chest

French regulators have flagged 90 crypto companies operating without necessary MiCA licenses, with a compliance deadline of June 2026.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.