The home of hype economics
Prediction markets are expanding aggressively into Asia’s largest economies, but the region is exposing a structural tension that has followed the industry since its inception: demand exists at scale, but…
The decision by the Commodity Futures Trading Commission and the US Department of Justice to sue multiple states marks a turning point in the legal status of prediction markets. What…
The exploit of Drift Protocol marks one of the most consequential security failures in the Solana ecosystem since the Wormhole bridge exploit. With estimated losses ranging between $200 million and…
The crypto industry likes to talk about adoption in big numbers. Institutions are here. ETFs are live. Regulation is “catching up.” But when you zoom in on something basic—taxes—the picture…
Onchain commodity trading didn’t creep up slowly. It snapped into view. One weekend you had thin flows and experimental positioning. The next, platforms like Hyperliquid were clearing billions in notional…
The debate around US crypto legislation isn’t really about if rules are coming anymore. It’s about who writes them—and when. Right now, nothing has been settled. The proposed CLARITY Act—which…
AI vs Humans in Prediction Markets: Speed Already Won Prediction markets were supposed to reward insight. That was the pitch. You bring information. You form a view. The market aggregates…
Stablecoins Are Being Sold as Crypto’s “ChatGPT Moment.” That’s Not the Interesting Part When Brad Garlinghouse says stablecoins are crypto’s “ChatGPT moment,” he’s not talking about technology. He’s talking about…
The pushback didn’t come quietly. US Senator Elizabeth Warren sent a letter raising concerns after Beast Industries—run by Jimmy Donaldson—moved to acquire the teen-focused fintech app Step. On paper, it’s…
Polymarket Tightens Rules as Prediction Markets Face a Credibility Test Prediction markets had a good run being “experimental.” That phase is ending. This week, Polymarket updated its market integrity rules—quietly,…