This week’s Crypto Biz options Polymarket, BlackRock’s IBIT hitting $1B quantity, Meta’s Llama becoming a member of the US navy, Bitcoin miners posting manufacturing information in October and VanEck itemizing PYTH ETN.
Donald Trump could have received the race for the White Home, however the crypto market has its personal champion: Polymarket — a decentralized prediction market platform working on the Polygon blockchain.
Based simply 4 years in the past, the platform has amassed over $3.2 billion in complete bets tied to america election outcomes, with $239.5 million positioned on Election Day alone.
Behind Polymarket is 26-year-old Shayne Coplan, CEO and board member, in keeping with Pitchbook. Some key election developments predicted by merchants on Polymarket included President Joe Biden dropping out of the competition, amongst different geopolitical developments.
Learn extra