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14:15
FTC Launches Early Review of the Online Sports Betting Industry, Focusing on False Advertising
Odaily Planet Daily News: The U.S. Federal Trade Commission (FTC) is conducting an early-stage review of the online sports betting industry, focusing on alleged false or misleading advertising by betting companies such as FanDuel and DraftKings. It is reported that prediction market platforms such as Kalshi and Polymarket are expected to be outside the scope of this review. (The Block)
02:53
A whale retrieved 1.79 million UNI from Venus and transferred it to Binance, if sold or lost 3.17 million USD
BlockBeats message, October 10, according to EmberCN monitoring, the whale address "web3vc" on Polymarket withdrew approximately 1.793 million UNI tokens from the lending platform Venus about 20 minutes ago, valued at around $13.18 million, and then transferred the tokens to Binance.
00:21
Polymarket has started charging fees for geopolitical events
Odaily Planet Daily News: Polymarket's trading page shows that market orders for geopolitical events are now subject to fees, while limit orders remain free. Polymarket's documentation has not yet been updated on this fee, and the fee parameters for geopolitical events remain zero.
14:18
Pyth DAO implements the '100% Rule': Future product revenue will be entirely used for public market repurchases of PYTH
Odaily Planet Daily News: The Pyth Network, a prediction market network, released its Q3 business report stating that as of the end of September, its active annual recurring revenue (ARR) reached $11.49 million, an 86.5% increase from the previous quarter, with a net ARR addition of $5.33 million in Q3. In terms of exchanges, the real-world asset (RWA) perpetual contract market based on Pyth data in Q3 achieved a trading volume of $209 billion, accounting for 94.1% of the total volume of the relevant market. In the prediction market, Pyth has provided data support to platforms such as Kalshi and Polymarket. In related regulatory documents, Kalshi listed Pyth as the data source institution for the gold and silver perpetual contract markets. In the AI field, Pyth is testing a financial data infrastructure for AI agents with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to analyze and make decisions by combining market information. Additionally, the Pyth DAO approved the '100% Rule,' meaning that all income generated from Pyth products in the future will be used for public market repurchases of PYTH tokens. Compared to the previous policy, which only used one-third of non-PYTH asset balances for repurchases, the investment ratio has been increased threefold.
04:03
Polymarket appoints Edward Lee as the head of platform products for its U.S. and international on-chain trading platforms
BlockBeats message, October 8, former Coinbase employee Edward Lee announced joining Polymarket, serving as the product head of the trading platform, responsible for the construction of the Polymarket US and international on-chain trading platforms.
16:51
Probability dropped from 63% to 17%, Polymarket announces decline in token possibility at TOKEN2049
Odaily Planet Daily News: predict.fun posted on the X platform that the probability of Polymarket's token has dropped from 63% to 17% at the TOKEN2049 event.
06:28
Polymarket CEO: Exploring On-Chain Assets Linked to Polymarket Economy
BlockBeats message, October 7, Shayne Coplan, CEO of Polymarket, stated at Token2049 that they are exploring a blockchain asset that is linked to the Polymarket economy and has real programmable utility. He called this asset "the way the concept of stock should be."
03:10
Polymarket CEO Shayne Coplan: ICE is one of its major shareholders
Odaily Planet Daily News: Shayne Coplan, CEO of Polymarket, stated that the parent company of the New York Stock Exchange, ICE, is one of Polymarket's major shareholders and is discussing on-chain equity matters with regulatory authorities.
02:21
Polymarket founder: The Ukraine conflict and the Middle East conflict have verified the effectiveness of Polymarket as a news source
Odaily Planet Daily News: Shayne Coplan, founder of Polymarket, stated at Token2049 that predictions on presidential elections and conflicts in Ukraine and the Middle East have validated Polymarket as a new alternative news source. Meanwhile, sports competition predictions have brought a large number of users to Polymarket, leading to rapid revenue growth.
01:44
U.S. House member proposes to ban candidates from betting on their own election results, but it cannot be reviewed before the 2026 midterm elections
BlockBeats message, October 7, U.S. North Carolina Representative Don Davis proposed the "No Betting on Your Own Race Act" this Monday, which aims to prohibit federal election candidates, campaign teams, and their spouses and children from buying or holding "political event contracts" related to their own elections, to prevent market manipulation, insider trading, and candidates profiting from elections.
09:12
Polymarket will sue over the Dutch ban
BlockBeats report, October 5, Polymarket will sue over the Netherlands' decision to ban the American prediction market website from operating. The company told the Dutch financial newspaper that the Dutch regulator Ksa had asked Polymarket to stop operating in the Netherlands in February this year.
08:57
Polygon co-founder cited Polymarket CMO's tweet and said: POLY will sweep everything
Odaily Planet Daily News: In response to previous tweets by Matthew Modabber, CMO of Polymarket, regarding the revenue scale of Hyperliquid and Polymarket and the market value of HYPE tokens, Polygon co-founder Sandeep cited an article stating that POLY will sweep everything. Previously, the CEO of Polymarket is scheduled to make important comments at Token2049, with the community speculating that it may be related to the POLY token.
02:08
The founder of Polymarket announced that he will speak at the Token 2049 event, and the community is speculating that he will release token information
BlockBeats message, October 5, Polymarket founder and CEO Shayne Coplan posted on X platform this morning, stating that he will attend the Token 2049 event and give a speech. The tweet also cited revenue data and token market value comparisons between Polymarket and Hyperliquid.
19:11
The probability of Polymarket launching its official token before March 31, 2027 is 16%
Odaily Planet Daily News: predict.fun posted on the X platform that the probability of Polymarket launching an official token before March 31, 2027, is 16%.
11:12
As market regulation demands increase, Polymarket launches a series of user protection and anti-addiction measures
BlockBeats message, September 30, as calls for regulatory oversight of prediction markets are increasing, Polymarket has introduced a series of user protection and anti-addiction measures. Users can now set non-reversible deposit limits to control spending and potential losses, or add themselves to a temporary or permanent "self-exclusion list" to pause using the platform.
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