ChainCatcher news, Artemis data shows that only AI tokens outperformed Meme coins at the beginning of 2024. By mid-November, the returns of Meme coins were 6 times the average of the cryptocurrency market.Market insight platform Kaito AI points out that a quarter of cryptocurrency investors prioritize discussions about Meme coins. In other words, the focus is more on short-term profits rather than long-term value returns.From a narrative perspective, year-to-date, the following categories of altcoins have outperformed Bitcoin: Meme, RWA, prediction markets, PolitiFi, AI, Solana, and smart contract platforms.

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, Vitalik published a new article "From Prediction Markets to Information Finance" stating that he has been a close supporter and follower of Polymarket this year, and that prediction markets are one of the Ethereum applications that excite him the most.Vitalik believes that Polymarket has a dual nature: on one hand, it is a betting site for participants, and on the other hand, it serves as a news site for everyone else. As the election results gradually come in, despite many experts and news sources enticing the audience with favorable news for Harris, Polymarket directly reveals the truth that Trump's probability of winning has reached 95%. The real money invested by users allows the market to realize what the truth is closer to.Moreover, prediction markets can also use finance as a way to coordinate incentives to provide valuable information to the audience. Information finance addresses the trust issues that actually exist among people. A common concern of this era is the lack of knowledge and not knowing whom to trust in political, scientific, and business environments. Information finance applications can help be part of the solution. He predicts that a technology that will drive the development of information finance in the next decade is artificial intelligence.

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

ChainCatcher news, the prediction market platform Polymarket announced on social media that its platform has demonstrated accuracy that surpasses traditional polls, media reports, and expert analyses in predicting the U.S. presidential election. Polymarket claims that its highly liquid prediction market model successfully predicted election outcomes in advance, once again proving the potential of decentralized prediction markets.Polymarket stated that the platform provides global users with high-quality, transparent data and offers accurate predictions before other information sources. The company believes this is just the beginning of building a revolutionary platform capable of revealing significant global events.

ChainCatcher news, on the prediction market Kalshi regulated by the Commodity Futures Trading Commission (CFTC), two-thirds of bettors believe that Bitcoin will hit an all-time high this year, but less than half think that Bitcoin will reach $80,000 by the end of 2024.

ChainCatcher news, according to Cointelegraph, based on regulatory documents submitted to the Commodity Futures Trading Commission (CFTC), Kalshi is launching more political event prediction markets ahead of the U.S. elections, including the results of the Ohio statewide referendum and the announcement by the Associated Press (AP) of the results in the last state of the presidential race, among others.According to CFTC data, since October 31, Kalshi has registered over twenty contracts, most of which are related to the upcoming U.S. elections. According to the Kalshi website, as of November 1, the total betting volume for Kalshi's "Who will win the presidential election?" has reached approximately $144 million since its launch on October 7.Data from the platform shows that as of November 1, the probability of Trump winning the presidential election is 56%, while Harris's probability is 44%.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan recently expressed the view that while prediction markets are not new, Polymarket has brought unprecedented global scale and liquidity through its crypto-native features.Hougan emphasized that a prediction market without participants placing bets cannot truly be called a prediction market, and Polymarket's crypto-native characteristics have helped it achieve the scale and liquidity necessary to become an effective prediction market.

ChainCatcher news, according to Cointelegraph, the regulated prediction market platform Kalshi will begin accepting deposits in the dollar-pegged stablecoin USD Coin (USDC) as part of the prediction market's efforts to attract users ahead of the U.S. November elections, which the platform confirmed on October 28.Kalshi's cryptocurrency deposits are set to launch soon, with the cashing out managed by the crypto payment platform ZeroHash.

ChainCatcher news, according to Coindesk, the prediction market Kalshi announced that it will provide price information to Stork, the oracle service network of Stork Labs, which sends external data to blockchains and decentralized exchanges. This will enable developers to build crypto applications influenced by the Kalshi market, where traders can bet on various events, including the U.S. presidential election.

ChainCatcher news, Kalshi launched its U.S. election prediction market contracts after receiving a favorable ruling from the court in October, with trading volume exceeding $30 million in just three weeks. It still lags behind Polymarket, which had a trading volume of about $40 million from early January to early February (the first month of its presidential betting), and recently surpassed $2 billion in trading volume.The Kalshi market indicates that Republican candidate Donald Trump is leading Democratic opponent Kamala Harris by 14 percentage points. Reportedly, these odds must come solely from U.S. citizens (and permanent residents), as Kalshi's terms and conditions prohibit foreign individuals from trading on the platform.

ChainCatcher news, former President Trump is leading Vice President Kamala Harris by 20 percentage points on Polymarket, raising concerns of manipulation. Tarek Mansour, founder of the prediction market Kalshi, recently argued that these results are accurate, rather than the result of inorganic manipulation, by providing comparable data from Kalshi.Tarek Mansour first refuted claims that a few large players are skewing the odds in favor of Trump. "The median bet amount on Harris is greater than the median bet amount on Donald Trump," with Harris's median bet amount being $85, while Trump's median bet amount is $58.The founder also explained that an increasing number of individuals are betting on Trump on the Kalshi platform, and the 20 percentage point lead on Polymarket roughly corresponds to the number of individuals betting on Trump to win the November election on Kalshi.

ChainCatcher news, according to Coindesk, lawyers from the U.S. Commodity Futures Trading Commission (CFTC) argued in a brief submitted to the appellate court that a federal judge "erroneously" allowed the prediction market Kalshi to list and trade election contracts, reiterating many of the arguments made in the lower court.Last month, the judge ruled that the CFTC could not prohibit Kalshi from listing election contracts. The regulatory agency requested a stay from the appellate court to prevent the company from launching the product before the appeal outcome. However, the court's judge ruled that the CFTC failed to demonstrate that it would cause irreparable harm.

ChainCatcher news, according to the official website, the decentralized prediction market Polymarket has now integrated with the OKX Web3 wallet. Users can participate in various hot event predictions on Polymarket through the OKX Web3 wallet.It is reported that Polymarket is a blockchain-based decentralized prediction market platform that allows users to participate in the market by predicting and trading on the outcomes of various events. The OKX Web3 wallet is an industry-leading one-stop Web3 gateway, now supporting over 100 popular public chains, with a unified experience across app, plugin, web, and Telegram Mini wallet.