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 Polymarket gets backlash over approved outcome on 13M Ethereum ETF bet

Polymarket gets backlash over approved outcome on 13M Ethereum ETF bet


Published: 2024-05-24


1. Controversy over Polymarket's approved outcome for a $13 million Ethereum ETF bet: Polymarket,a prediction market platform,faced backlash after approving the outcome of a $13 million bet on the approval of an Ethereum exchange-traded fund (ETF). Some users questioned the fairness and accuracy of the decision-making process,leading to a controversy within the crypto community.

2. Impact on Polymarket's reputation and transparency: The incident has raised concerns about Polymarket's reputation and transparency as a decentralized prediction market. Users criticized the platform for potentially influencing outcomes and favoring certain narratives,which could undermine trust in their services.

3. Significance of decentralized prediction markets in the crypto space: The controversy surrounding Polymarket highlights the growing importance of decentralized prediction markets in the cryptocurrency space. These platforms offer a way for users to bet on various outcomes and events,but the recent backlash demonstrates the challenges and risks associated with their operations.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,286.50 891,267,519.30
2 COP title=COP 4,037.00 697,771,810.00
3 BTC title=BTC 66,613.74 592,718,311.70
4 ETH title=ETH 3,602.16 490,597,357.48
5 PEPE title=PEPE <0.01 190,149,982.88
6 SOL title=SOL 148.78 186,773,033.60
7 IO title=IO 5.41 174,845,171.06
8 XRP title=XRP 0.49 110,099,642.28
9 WIF title=WIF 2.57 96,057,894.92
10 PEOPLE title=PEOPLE 0.11 73,432,943.60
11 CRV title=CRV 0.32 60,798,986.22
12 BAKE title=BAKE 0.41 56,367,690.36
13 FLOKI title=FLOKI <0.01 45,600,225.30
14 ETHFI title=ETHFI 4.10 43,120,989.63
15 DOGE title=DOGE 0.14 39,011,212.67
16 BOME title=BOME 0.01 37,089,288.91
17 ENA title=ENA 0.77 35,392,208.96
18 JASMY title=JASMY 0.04 34,404,667.78
19 ORDI title=ORDI 45.81 31,752,947.98
20 UNI title=UNI 11.52 31,325,736.49
21 ENS title=ENS 24.34 29,952,998.42
22 AVAX title=AVAX 29.87 27,033,888.72
23 WLD title=WLD 3.45 26,959,815.20
24 LDO title=LDO 2.19 25,479,248.07
25 INJ title=INJ 25.05 25,447,038.01
26 BONK title=BONK <0.01 25,264,705.04
27 MATIC title=MATIC 0.62 24,085,984.33

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Convex Finance title=CVX 2.57 +25.31
2 TerraClassicUSD title=USTC 0.02 +15.91
3 Orion title=ORN 1.81 +12.67
4 Rocket Pool title=RPL 28.85 +12.21
5 Terra Luna Classic title=LUNC <0.01 +10.96
6 API3 title=API3 2.76 +10.32
7 JasmyCoin title=JASMY 0.04 +9.86
8 dogwifhat title=WIF 2.57 +9.52
9 Pendle title=PENDLE 5.70 +8.02
10 Synapse title=SYN 0.66 +7.42
11 UMA title=UMA 3.03 +6.99
12 Lido DAO title=LDO 2.19 +6.38
13 Paris Saint-Germain Fan Token title=PSG 3.72 +6.32
14 Pepe title=PEPE <0.01 +6.27
15 Massive Protocol title=MAV 0.40 +5.87
16 BurgerCities title=BURGER 0.54 +5.85
17 Terra title=LUNA 0.52 +5.39
18 Maker title=MKR 2,423.00 +5.21
19 Curve DAO title=CRV 0.32 +4.99
20 REI Network title=REI 0.06 +4.94
21 Bonfida title=FIDA 0.35 +4.85
22 io.net title=IO 5.41 +4.59
23 Ethena title=ENA 0.77 +4.48
24 Render title=RNDR 8.31 +4.28
25 Yield Guild Games title=YGG 0.78 +3.98
26 Ethereum Name Service title=ENS 24.34 +3.93
27 Celestia title=TIA 7.98 +3.77
28 Internet Computer title=ICP 9.38 +3.52
29 Axelar title=AXL 0.78 +3.43
30 FLOKI title=FLOKI <0.01 +3.21

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 NEM title=XEM 0.02 -8.27
2 BakerySwap title=BAKE 0.41 -8.12
3 Stratis title=STRAX 0.06 -6.59
4 Firo title=FIRO 1.39 -6.38
5 Flux title=FLUX 0.71 -6.33
6 WazirX title=WRX 0.17 -6.26
7 Marlin title=POND 0.02 -6.10
8 StormX title=STMX <0.01 -5.80
9 Waves title=WAVES 1.05 -5.65
10 Kyber Network Crystal title=KNC 0.76 -5.07
11 MovieBloc title=MBL <0.01 -4.77
12 Ardor title=ARDR 0.07 -4.59
13 Lazio Fan Token title=LAZIO 1.91 -4.31
14 aelf title=ELF 0.40 -4.30
15 Biconomy title=BICO 0.48 -4.02
16 Ontology Gas title=ONG 0.36 -3.93
17 FC Porto title=PORTO 2.05 -3.81
18 Shentu title=CTK 0.85 -3.74
19 Siacoin title=SC <0.01 -3.55
20 IQ title=IQ <0.01 -3.45
21 Injective title=INJ 25.05 -3.39
22 Bounce title=AUCTION 20.98 -3.23
23 Q Coin title=QKC <0.01 -2.97
24 BiFi title=BIFI 332.30 -2.72
25 OMG Network title=OMG 0.38 -2.54
26 Mandala Exchange title=MDX 0.05 -2.21
27 Ampleforth Governance title=FORTH 3.37 -2.18
28 iExec RLC title=RLC 2.39 -2.13
29 Oasis Network title=ROSE 0.12 -2.08
30 Hive title=HIVE 0.25 -2.07

Bitcoin's Greed and Fear Index.

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71
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Bitcoin whale watching is useless for information Traders 2024-06-16
2 Donald Trump vows to end Joe Bidens war on crypto 2024-06-16
3 Curve CEO clears up UwU Lend hack CRV burn misinformation 2024-06-16
4 Ethereums Pectra upgrade Key risks identified in Report 2024-06-16
5 Europes crypto industry can sleep better at night with new parliament 2024-06-16
6 ETH TON UNI and XMR could rally if Bitcoin clears 68000 2024-06-16
7 Crypto startup funding eclipses 100B 2024-06-16
8 Binance co founder beseeches Elon Musk to address cryptocurrency scams on X 2024-06-16
9 Bitcoin whale watching is 039useless039 for information Traders 2024-06-16
10 Spot Ethereum ETFs may begin trading by July 2 Bloomberg analyst 2024-06-15
11 How to use blockchain and smart contracts in procurement 2024-06-15
12 Fake federal employees target crypto investors CISA warns 2024-06-15
13 Bitcoin bounces at 1 month lows Watch these BTC price levels next 2024-06-15
14 Vitalik Buterin endorses TiTok AI for onchain image storage 2024-06-15
15 Deutsche Telekom announces Bitcoin mining plans at BTC Prague 2024-06-15
16 OpenAI reportedly considering shift to for profit as CEO stacks board 2024-06-15
17 3 reasons why Bitcoin analysts believe BTC price recovery is overdue 2024-06-15
18 3 reasons why 65K marks the bottom for Bitcoin 2024-06-15
19 Crypto hack losses hit 19B Terraform Labs shuts down Finance Redefined 2024-06-15
20 Uniswap Labs Crypto The Game set for Emmy Award consideration 2024-06-15
21 Former Binance CEO 039CZ039 owns 64 of BNB circulating supply Report 2024-06-15
22 Crypto Biz Riot Platforms and Bitfarms dispute escalates 2024-06-15
23 Mining execs establish organization to influence US crypto voters 2024-06-15
24 Home miners may benefit from NiceHash Marathon Digital collaboration 2024-06-15
25 Bitcoin bank proposal gains momentum in El Salvador 2024-06-15
26 Curve Finance039s Michael Egorov says 10M in bad debt fully paid 2024-06-15
27 Australian securities exchange approves its first spot Bitcoin ETF 2024-06-15
28 Ethereum rally to 3700 Unlikely say 2 derivatives metrics 2024-06-14
29 MicroStrategy upsizes latest stock sale to 700M to buy more Bitcoin 2024-06-14
30 Donald Trump wants US to rule Bitcoin mining industry 2024-06-14
31 Decentralized ID is the next killer Web3 use case Cardano sustainability lead 2024-06-14
32 Turkey targets crypto with new 003 transaction tax 2024-06-14
33 Samourai Wallet shutdown Implications for other privacy and self custody tools 2024-06-14
34 Nigerian officials drop some charges against detained Binance exec 2024-06-14
35 Ripple invokes SEC v Terraform case argues for smaller civil penalty 2024-06-14
36 Why tokenized real world assets are soaring 2024-06-14
37 Toncoin price risks correction after TON039s 34 surge in 2 weeks 2024-06-14
38 Bitoro launches perpetual futures on Injective protocol 2024-06-14
39 MiCA regulation takes shape under EBAs newest guidelines 2024-06-14
40 US judge approves Terraforms 45B settlement with SEC 2024-06-14
41 Solana Labs debuts blockchain customer loyalty platform Bond 2024-06-14
42 Deepfake AI gang drains 11M OKX account Zipmex zapped by SEC Asia Express 2024-06-14
43 Swiss regulator forces crypto friendly FlowBank into bankruptcy 2024-06-14
44 Ether notches 2nd biggest hodler buying day in history 2024-06-14
45 Holograph fell 80 in 9 hours after exploiter mints 1B additional HLG 2024-06-14
46 Tesla investors sue Elon Musk for diverting resources talent to xAI 2024-06-14
47 Trader claims to lose 310K on dodgy exchange pitched in LinkedIn request 2024-06-14
48 Zero knowledge Manta Network launches 50M ecosystem fund 2024-06-13
49 Terraform Labs ends operations Terra community takes over 2024-06-13
50 US Bitcoin miners silent in face of Kerrisdale snake oil claims 2024-06-13

US news that has a significant impact on the market

at news day date time
1 Empire State Manufacturing Index Monday 17-06-2024 13:30
2 FOMC Member Cook Speaks Tuesday 18-06-2024 02:00
3 Core Retail Sales m/m Tuesday 18-06-2024 13:30
4 Retail Sales m/m Tuesday 18-06-2024 13:30
5 Industrial Production m/m Tuesday 18-06-2024 14:15
6 Capacity Utilization Rate Tuesday 18-06-2024 14:15
7 Business Inventories m/m Tuesday 18-06-2024 15:00
8 FOMC Member Barkin Speaks Tuesday 18-06-2024 15:00
9 FOMC Member Kugler Speaks Tuesday 18-06-2024 18:00
10 TIC Long-Term Purchases Tuesday 18-06-2024 21:00
11 Bank Holiday Wednesday 19-06-2024 13:00
12 NAHB Housing Market Index Wednesday 19-06-2024 15:00
13 Unemployment Claims Thursday 20-06-2024 13:30
14 Building Permits Thursday 20-06-2024 13:30
15 Philly Fed Manufacturing Index Thursday 20-06-2024 13:30
16 Current Account Thursday 20-06-2024 13:30
17 Housing Starts Thursday 20-06-2024 13:30
18 Crude Oil Inventories Thursday 20-06-2024 16:00
19 FOMC Member Barkin Speaks Thursday 20-06-2024 20:30
20 Flash Manufacturing PMI Friday 21-06-2024 14:45
21 Flash Services PMI Friday 21-06-2024 14:45
22 Existing Home Sales Friday 21-06-2024 15:00
23 CB Leading Index m/m Friday 21-06-2024 15:00
24 Natural Gas Storage Friday 21-06-2024 15:30

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