Mudslinging Sullies Prediction Markets Just as Sector's Prospects Brighten

Quick Summary:

Kalshi paid social media influencers to talk trash about its rival Polymarket's founder, Shayne Coplan, an incendiary article in Pirate Wires revealed.

Someone apparently decided to launch a retaliatory smear campaign against Kalshi.(Polymarket denies any involvement.)All of this is happening just as things were starting to look bright on the regulatory and reputational fronts for prediction markets.

Trump campaigned as the first pro-crypto presidential candidate from a major party, and it's not hard to imagine his deregulatory agenda extending to prediction markets.

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Article Details

Author / Journalist: Sam Reynolds, Marc Hochstein

Category: Crypto

Markets: United StatesCuba

Topics: Prediction Kalshi Wires Markets Pirate Coindesk Marc Election Paid Polymarket

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 17:16:32 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 51 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 23840272

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