Features Crypto News by Thebittimes.Com

Trump Media and Technology Group (TMTG) is partnering with Crypto.com to take on Polymarket and Kalshi with a new prediction markets platform on Truth Social. Called Truth Predict, the platform will begin beta testing soon before a full US launch, with global expansion planned once regulatory requirements are met, according to a statement. “For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” said TMTG CEO Devin Nunes.  The move marks Trump Media’s most direct challenge yet to established prediction market leaders Polymarket and Kalshi, both of which face regulatory headwinds in the US. TMTG’s shares closed up 0.8% yesterday and climbed a fraction of a percent in pre-market trading today. Crypto.com’s native CRO token slid more than 1%.  TMTG ...

The X account belonging to controversial “danger tourist” Miles Routledge, a.k.a. Lord Miles, has called for “big YouTubers” to help verify his detention in a Saudi Arabian jail after his disappearance during a 40-day “no water” challenge sparked rumors of his death and accusations of insider trading on Polymarket. The account, now run by YouTuber “Britannica” on Routledge’s behalf, claims he was arrested by Saudi authorities after an “American” bribed a journalist from Polymarket “to put out fake news about Miles, manipulating the Saudi police so they would detain him.” This was allegedly done so that a “no” bettor could profit on Polymarket. To verify Routledge’s status, his account asked for a “big” YouTuber to visit him at an undisclosed location. However, the willing party has been told they cannot record him in jail or dox him, and they need to bring English books, as Routledge “is losing his fucking mind wit...

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The Bitcoin price tumbled 1% in the last 24 hours to trade at $56,141 as of 03:40 a.m. EST on trading volume that dropped 10% to $30 billion. This comes as the odds of Kamala Harris becoming the next president rose on betting platforms including Polymarket. Harris’ winning odds rose from 46% to tie with Trump at 49% after the debate. World's largest prediction market. Before the debate After the debate pic.twitter.com/p1KjOOFZU1 — i/o (@eyeslasho) September 11, 2024 Moreover, bettors on Polymarket indicate a 94% probability that Harris won the debate. Bitcoin briefly rose above the $58,000 market in the hours leading up to the debate, but dipped to lows of around $56,700 during the debate, and is now trading below $56,300. Bitcoin Price Aims For A Bullish Trend Reversal The Bitcoin price dropped from August 29 to September 7, as the bears took control of the price at the $61,100 resistance to drop to the $53,500 support, accord...