Prediction Markets
Senator Elizabeth Warren has accused former Representative Sean Patrick Maloney of breaching a prior commitment by taking the helm of a new industry group linked to cryptocurrency firms. The Massachusetts Democrat highlighted Maloney's history of moving between government roles and crypto advisory positions. She described the appointment as emblematic of Washington's revolving door issues.
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A recent report highlights intensifying competition between Robinhood and Coinbase as the boundaries between stock trading and cryptocurrency blur. Robinhood's stock surged 186% in 2025, while Coinbase's fell 12%, despite a supportive political environment for crypto. Both firms are expanding into each other's domains and vying for dominance in prediction markets.
Crypto.com and Hollywood.com announced an exclusive partnership on November 3, 2025, to launch a new entertainment-focused prediction market. The platform will allow users to trade predictions on movies, TV shows, awards, and more through Hollywood.com. Event contracts are provided by Crypto.com's CFTC-registered affiliate.
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Polymarket achieved a $9 billion valuation through a major investment, highlighting the rapid maturation of prediction markets. This surge occurs as broader cryptocurrency markets experience a downturn. Competition intensifies between Polymarket and Kalshi, with varying volumes in sports and politics betting.