Polymarket’s “wisdom of the crowd” turns out to be bots talking to themselves 🤖📈
Columbia University researchers found massive wash trading inflating volumes on Polymarket.
Basically, traders were buying and selling to… themselves.
The platform wasn’t behind it - but crypto’s Wild West design sure helped.
Looks like some people really bet on both sides.
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Jack Dorsey’s Block pulled in $1.97B in Bitcoin revenue last quarter - that’s almost one-third of its total income.
But the stock? Down over 10% in a day.
Apparently, even making billions off Bitcoin isn’t bullish enough for Wall Street.
Maybe Jack should just rename it to “SquareCoin” and call it DeFi 🤷♂️
Google adds prediction markets to Finance search 🔮
Soon you’ll ask Google: “Will BTC hit $150K in 2025?” - and get real-time odds from Polymarket & Kalshi right in the results.
Both platforms just hit billion-dollar valuations as event trading goes mainstream.
ICE and big institutions are betting on the “wisdom of the crowd.”
Even Google wants in on crypto degens’ favorite game - guessing the future.
Bitcoin today went five-digit mode again - briefly dipped below $100K 😬💀
Crypto Twitter lost its mind for 20 minutes as BTC flirted with $99,324, only to bounce back above $102K like a drama queen that just wanted attention.
Markets called it “healthy volatility.” Traders called it “a heart attack.”