Market News and Research Predictions

ChainCatcher news, Thailand's cybercrime authorities have proposed banning the decentralized prediction market Polymarket, as it may be considered an online gambling site, which is deemed illegal in the country.The Cyber Crime Investigation Bureau of Thailand stated that suspending Polymarket is crucial to prevent the public from becoming victims of online gambling and to stop the use of cryptocurrency for illegal activities, as such activities "could have serious impacts on the economy and society."Cyber police indicated that the site facilitates betting on global events through cryptocurrency, which may fall under illegal online gambling in Thailand. The police did not specify a timeline for a potential shutdown.

ChainCatcher message, Vitalik posted on X: "Polymarket is unique because its growth period aligns with real social issues that it is well-suited to help address (in 2024, there is significant distrust towards partisan media in the U.S. and elsewhere).What specific large-scale social issues are suitable for crypto technology to help solve now or in the near future? (In fact, we are looking for situations involving the collapse of centralized institutions, those that are untrusted or widely regarded as harmful, and where there is significant demand to bypass them)."

ChainCatcher news, Crypto.com has announced the launch of a sports event prediction market in the United States, allowing American customers to bet on sports events using various cryptocurrencies, starting with the Super Bowl. If the prediction is correct, payment will be received within one business day after settlement.Company spokesperson Matt David stated that the product will leverage Crypto.com's recognition among sports fans in the U.S. to serve an increasing number of cryptocurrency traders looking to bet on real-world event outcomes.David said, "Sports have always been an important part of our brand, from F1 to UFC to Crypto.com Arena, and this is a great opportunity to engage these sports fans through the Crypto.com app."

ChainCatcher news, according to Decrypt, the blockchain-based competitive gaming ecosystem and event platform Community Gaming has announced that its upcoming video game-centric prediction market Forkast will launch on the Ethereum sidechain gaming network Ronin.The platform will allow users to stake tokens and earn rewards while predicting events in gaming, esports, Web3, and internet culture. Forkast is one of the first consumer applications to be integrated into the Ronin network.

According to ChainCatcher news, the prediction market BRKT.gg has announced the completion of a $1.75 million seed round financing, led by Foresight Ventures, with participation from Orange DAO, V3V Ventures, MEXC Ventures, 280Capital, Triton Liquid Fund, Movement, Silvermine Capital, and Nibiru Chain.BRKT.gg is introduced as a decentralized prediction market powered by Movement. In less than 6 months, it has attracted over 300,000 users.

ChainCatcher news, according to Cointelegraph, the prediction market Kalshi data shows an 85% probability that BTC will reach $100,000 by the end of the year, 9% for $150,000, while the average forecast on the Kalshi platform indicates that a BTC price of $125,000 could become a reality in the new year of 2025.Analysts believe that ETFs have played a key role in the factors driving the rise in Bitcoin prices, absorbing over 90% of the selling pressure from long-term holders.

ChainCatcher news, according to market news: French regulators are reviewing the prediction market platform Polymarket following the crypto bets related to Trump.