Polymarket

The company confirmed the authenticity of a letter regarding contract terminations posted on social media but did not disclose the scale of the layoffs. The changes come after the appointment of new leaders and amid increased competition from Kalshi, which has surpassed Polymarket in monthly trading volume.

Polymarket announced that its annual revenue run rate has surpassed $1.8 billion, up from over $1 billion in June. The growth is attributed to the expansion of the American marketplace, which saw a turnover exceeding $14.5 billion in October. This figure reflects the current business pace rather than actual revenue earned over the year.

Differences between Kalshi and Polymarket in determining winners and withdrawal conditions.

Polymarket halted trading on Thursday for about an hour following a failure of the Predictions Trading API and a compromise of a third-party vendor. The platform switched to 'cancel only' mode before resuming operations. Affected users are promised full compensation.

Shane Coplan discusses the potential for a cryptocurrency token at TOKEN2049. Full details on plans and prospects for issuance.

Polymarket will begin processing new markets on November 2 with Protocol V2, which uses pUSD as shared collateral.

The study revealed that over 69% of traders on Polymarket lost money, with total losses amounting to $338.9 million.

Yahoo Finance has ended its partnership with Polymarket following the closure of the prediction markets hub. The predictive markets volume is expected to reach $1 trillion by 2030.

Fraudsters attempted to steal at least $10 million through Polymarket using stolen debit cards.

3% of traders on the Polymarket platform earn 27% of all profits, according to a study.