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World’s Polymarket Mini App integration came amid prediction markets surging past 2024 records, with $2 billion in weekly trading volumes. World, OpenAI CEO Sam Altman’s digital identity project, formerly known as Worldcoin, is expanding into prediction markets by integrating Polymarket. World App, a mobile application that combines a digital wallet with World’s decentralized identity tool,…
Prediction markets are rapidly going mainstream, and one expert argues that their simplicity could make them the first DeFi tool to achieve mass adoption. Mike Rychko, a researcher at prediction market infrastructure provider Azuro, thinks prediction markets are breaking into the mainstream — and the data appears to back him up. In a Thursday X…
Betting platform Polymarket is reportedly set to be valued at $1 billion in a $200 million raise led by Peter Thiel’s Founders Fund. Blockchain prediction market platform Polymarket is finalizing a $200 million funding round that would value the company at approximately $1 billion, according to reports. Billionaire entrepreneur Peter Thiel’s Founders Fund is set…
Crypto betting platform Stake reportedly had revenue of $4.7 billion in 2024, rivaling traditional betting platforms. Crypto casinos generated more than $81 billion in revenue in 2024, even as regulators in key jurisdictions continued to block access to the platforms, according to a new report. Citing data from the anti-online-crime platform Yield Sec, the Financial…
DeFi and CeFi campaigns are far more effective at reaching existing crypto users than crypto gaming and gambling campaigns, recent data shows. Crypto gaming and gambling campaigns are the most expensive way to acquire users with existing crypto wallets, ranking highest in cost among all sectors of the crypto industry, recent data shows. “Gaming and…
Bingo night is the new warehouse rave Young people are increasingly turning to activities your grandma used to enjoy. The FADER travels to Las Vegas to figure out the appeal. By Sandra Song Photo by In Pictures Ltd./Corbis via Getty Images Twenty minutes south of the Strip, there’s a fusty old building along a gravel-lined…
” Redditor could lose young family after crypto trading addiction spirals “ A self-confessed crypto trading addict and father of two is facing the dire prospect of losing his family forever after secretly racking up $180,000 in debt from his crypto trading habits. Posting his story on the r/relationship advice subreddit on Feb. 21, Reddit…
“Saks unveils stylish plan for casino at Fifth Avenue store” Saks Fifth Avenue finally tipped its hand, confirming plans to bid for a casino license on the top floors of its flagship store on Fifth Avenue. The luxury department store between East 49th and East 50th streets, next to St. Patrick’s Cathedral, released exclusive images…
“Former NYC Buildings Commissioner Eric Ulrich selling insurance” Disgraced former lawmaker and city Buildings Commissioner Eric Ulrich, who resigned in November in the wake of a gambling probe by the Manhattan district attorney, is now pushing different kinds of policies — insurance ones. “I couldn’t be happier,” Ulrich gushed in a Dec. 21 email to…
“Why NYC’s new vice economy — weed, casinos — might be doomed” In August, New York mayor Eric Adams stood before a banner festooned with cannabis-leaf emblems, making what he billed as a major announcement. “Today, we light up our economy,” enthused the mayor. Referring to recreational pot sales, hecontinued: “The regulated adult-use cannabis industry is a once-in-a-generation…