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Polymarket's CEO Shayne Coplan stated during a fireside chat at the Token2049 conference in Singapore that cryptocurrency trading is evolving into a game of "irrational exuberance," where traders compete to be the first to find the next hundredfold token. He pointed out that people think they are buying something valuable, but in reality, it is worthless; however, as long as there is a possibility of it rising to 100 times, they want to sell before it goes to zero. Coplan mentioned that some traders can gain considerable wealth through this strategy, but it is essentially a game of "irrational exuberance and hot potato," where rising asset prices will eventually fall back.Coplan indicated that the continuous growth of Polymarket's user base shows that some traders are looking for betting opportunities with more predictable odds, rather than the next skyrocketing cryptocurrency. He explained that trading these markets on Polymarket does not have exponential upside potential, but informed traders will continue to place bets on future events with more predictable odds. According to data from DefiLlama, Polymarket is the second-largest prediction market, with a trading volume of $1.21 billion in the past seven days, while the largest market, Kalshi, had $2.3 billion.The growth of prediction markets has also attracted more attention from U.S. regulators. It was reported that JPMorgan terminated its banking relationship with Polymarket on August 14 due to regulatory concerns but expressed interest in acting as an underwriter if Polymarket seeks to go public.

Regarding the announcement "Polygon is not dead" released by Polygon's official Twitter, which is suspected to mock the shutdown of Abstract, Polygon founder Sandeep responded that the dissemination effect of the related content "did not meet expectations," and some people attributed a completely different meaning to it. The Polygon marketing team was self-deprecating, as Polygon's fundamentals are still growing, and there was no intention to imply anything about Abstract's shutdown.Sandeep added that he was also confused when he first saw the content and emphasized that he has great respect for Abstract founder Luca Netz and his team. Since Polygon itself had also terminated the zkEVM project, he empathizes with the pain and would not mock the other party, wishing Luca and the Pudgy Penguins team all the best.

Polymarket CEO Shayne Coplan stated at Token2049 that they are exploring an on-chain asset linked to the Polymarket economy that also has true programmatic utility, which he referred to as "the way stocks should be."Shayne Coplan also emphasized very cautiously that this is not investment advice.

On October 7, WEEX Exchange announced the launch of the "Wall Street Tycoon × Monopoly" event. Users can sign up to receive dice, complete tasks such as trading real-time U.S. stocks, contract trading, consuming stock tokens, and inviting friends to earn more dice; rolling the dice to move on the board will unlock random rewards such as BTC / ETH / USDT / WXT / stock tokens / bonuses / deductions / position airdrops / points / dice, and users can also participate in U.S. stock prediction contests daily to win more points and share a prize pool of one million USDT. Event duration: October 7, 00:00 to November 3, 23:59 (UTC+8).Among them, from October 7 to 11 is the TOKEN2049 themed phase. Users who sign up to participate in the event on-site at TOKEN2049 Singapore can receive a limited VIP experience card. In addition, participants can also visit the WEEX Alpha Suite to join roundtable forums, AMAs, AI trading experiences, and Mini Trading House interactions, receiving exquisite merchandise and custom souvenirs.

Polymarket has launched the next-generation prediction market smart contract system, Polymarket Protocol V2, which reconstructs the underlying architecture of the existing protocol. The current protocol is based on the Gnosis Conditional Tokens Framework from 2019, requiring additional adapters, trading contracts, and authorization processes for each new market type; V2 unifies this by using a single ERC1155 position token contract, pUSD collateral assets, trading platform contracts, and routers.V2 adopts a modular architecture, initially supporting binary, atomic negative risk, incremental negative risk, and composite markets, and connects to UMA, Chainlink, and other future oracles through a new OracleAggregator. The protocol natively supports cross-chain positions, collateral assets, and settlement results, reserving a foundation for future multi-chain deployments; all contracts can be upgraded under a secure governance process.V2 has been audited by Cantina, Certora, Quantstamp, SigmaPrime, Zellic, and Pashov, with formal verification completed by Certora, offering a maximum bounty of $5 million for critical vulnerabilities. Polymarket will operate a limited number of grayscale markets in the production environment from October 5 to 30, with plans to switch new markets to V2 starting November 2, along with the launch of Data API V2 built on Rust and an internal on-chain indexer.

The prediction market platform Polymarket has announced the launch of Polymarket Protocol V2, calling it the next-generation prediction market smart contract system. The existing contracts are based on the conditional token framework from Gnosis in 2019, with various markets subsequently integrated through additional adapters. V2 rebuilds position tokens from scratch, using a single ERC1155 position contract, a single collateral pUSD, a single exchange, and a single routing, with position IDs directly encoding market type, market, and outcome.V2 supports binary, atomic negative risk, incremental negative risk, and composite markets with a modular architecture, and expands position operations to enhance capital efficiency. Settlement is accessed through OracleAggregator, integrating pluggable oracles, including UMA, Chainlink, and future sources. The protocol features built-in cross-chain bridging designs for positions, collateral, and settlement, and can be upgraded through governance processes. Future research directions include scalar settlement and directional collateral return.The code has been audited by Cantina, Certora, Quantstamp, SigmaPrime, Zellic, and Pashov, and has undergone formal verification by Certora, with a maximum critical vulnerability bounty of $5 million. The canary market will operate in the production environment from today until October 30, with new markets tentatively scheduled to switch on November 2. At the same time, Data API V2 will be launched, based on a self-developed on-chain indexer, supporting V2, unified response formats, and cursor pagination.

According to The New York Times, the previous collaboration between NBA superstar LeBron James and the prediction market platform Polymarket, worth $15 million, has drawn attention. However, there is currently no evidence that this collaboration violates NBA rules. LeBron James is merely a spokesperson and not an investor, and the collaboration will focus on non-NBA markets such as soccer, thus it is not similar to the previous salary violation incident involving Kawhi Leonard with the Los Angeles Clippers.However, as the commercial ties between players, teams, investors, and prediction market platforms deepen, sports leagues face new regulatory challenges: how to distinguish between legitimate commercial endorsements and potential conflicts of interest that could affect market fairness.

The Rollup founder Andy posted on the X platform stating "POLY is coming," hinting that the Polymarket token POLY is about to launch.The accompanying image shows a post from Polymarket founder Shayne Coplan, who indicated that he might share news on the related topic at the TOKEN2049 conference in Singapore. Andy's post did not disclose the token issuance time, allocation plan, or airdrop details.

Galaxy Research released a report titled "The Behavior of Polymarket Traders," with data compiled by Stork, based on approximately 2.9 million retail accounts defined by trading frequency on the Polymarket international platform. The report states that since its launch in 2020, the platform has facilitated 1.27 billion orders, involving 3.07 million wallets, with a nominal amount of 82.8 billion USD. 125,429 accounts that placed more than 50 orders on active days were excluded, accounting for 4.1% of accounts but contributing 80.8% of orders and 41% of nominal trading volume.The report shows that 69.2% of retail accounts are below breakeven, with total losses of 338.9 million USD. The median retail account lost about 3 USD, with half of the accounts falling between -36.64 USD and +0.40 USD. The proportion of accounts that did not trade again within 30 days after a loss is 15.2%, while after a profit it is 6.1%. The excluded automated accounts collectively made a profit of 246.8 million USD. The median position for profit-makers is 13.96 USD, while for loss-makers it is 10 USD.44.1% of traders concentrated over 60% of their activity on a single theme. Sports specialists account for 47% of all specialists, with a profit ratio of 25.1%, the lowest among all themes; technology and science specialists have a profit ratio of 41.2%. The report covers the entire history of the international platform and mentions that the platform will introduce taker fees in early 2026. At a price point of 50 cents, crypto market takers pay 1.75 USD for a position of 100 shares or 50 USD, accounting for approximately 3.5% of the invested capital.

The Polygon Foundation announced on the X platform that the PIP-92 proposal has been officially activated, and the staking rewards for the Polygon Chain will be increased to an expected 7.7%. This incentive will last until December 1, 2026.According to PIP-92, the 27.3 million POL priority fees accumulated by the network will be used to enhance the reward earnings for stakers over the next two months.

According to The Block, Polymarket has appointed former Goldman Sachs partner Lisa Mantil as Head of Institutional Growth.It is reported that Mantil will be responsible for products, infrastructure, and liquidity related work aimed at investment managers, banks, and corporate trading desks.

The crypto media The Block reported that there are 36 days until the U.S. midterm elections. The cumulative trading volume on the U.S. presidential election market on the prediction market platform Polymarket US has surpassed $545 million, making election-related markets one of the largest by trading volume on the platform.Traders currently assign a 91% probability to the Democratic Party winning the U.S. House of Representatives, up from 73% in May. The aforementioned trading volume and probability are both derived from the U.S. election-related markets on Polymarket US.

The Polygon Foundation announced that the staking rewards for Polygon Chain are expected to increase to 7.7% on October 1. According to PIP-92, the accumulated 27.3 million POL priority fees in the network will be used to enhance staker rewards in the next two months.

Polymarket's Vice President Josh stated on platform X that the team is fully developing a complete Central Limit Order Book (CLOB) based on Rust, as the current CLOB is the root cause of most issues on the platform.According to the plan, the complete order lifecycle process, including trading, settlement, on-chain interaction, indexer, and engine notifications, will be completed in the testing environment in October; in November, all production traffic will be mirrored to the new trading cluster, and results will be compared with the existing system. At the same time, testing permissions will be opened to market makers, and the migration switch plan will be locked in, with two complete drills to be completed before the official switch.Josh also mentioned that if progress goes smoothly, the new system will be officially released, and the migration is expected to require little or no changes for market makers and developers.

Polygon co-founder Sandeep posted on the X platform stating that the POL community has recently accumulated and permanently destroyed 100 million POL through on-chain revenue, accounting for about 1% of the total supply, and will additionally destroy approximately 25 million POL.Sandeep also mentioned that POL (formerly MATIC) is still "the most undervalued and overlooked project." According to him, Polymarket has launched perpetual contracts on Polygon, and with the recent upgrade, Polygon PoS is gradually evolving towards a more advanced blockchain, expecting to achieve a 1 millisecond confirmation time through block flow in the future. Additionally, OMS is about to enable Polygon to handle approximately 1 million new transactions daily.

PPP market prediction tool monitoring shows that the probability of "ETH reaching $2800 during the remaining period of September" on Polymarket has dropped to 37%, a weekly decrease of 38%; the probability of "ETH reaching $2900 during the remaining period of September" has dropped to 12%, a weekly decrease of 8%.According to the settlement rules, if the highest price of any 1-minute candlestick of Binance ETH/USDT reaches or exceeds the specified price within the designated month, the market will settle as "Yes"; otherwise, it will settle as "No". This market settlement is based solely on Binance ETH/USDT price data, and prices from other exchanges or trading pairs are not counted.

PPP prediction market tool monitoring shows that the probability of "BTC reaching $87,500 during the remaining period of September" on Polymarket has dropped to 22%, a 9% decrease in 24 hours. Additionally, the probability of reaching $90,000 during the remaining period of September has dropped to 7%, a 6% decrease in 24 hours.According to the settlement rules, the market settles based on the 1-minute K-line of the Binance BTC/USDT trading pair. If the highest price of any 1-minute K-line within the specified month reaches or exceeds the price indicated in the title, the market will immediately settle as "Yes"; otherwise, it will settle as "No". Prices from other exchanges or trading pairs are not used as the basis for settlement.