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A French trader, known as Théo, has placed a $30 million bet on Donald Trump winning the 2024 presidential election on the prediction market Polymarket. Théo claims his motivation is purely financial, not political. His bets represent a significant portion of the market, raising questions about market integrity. Polymarket does not allow U.S. residents to wager, and Théo's identity remains partially anonymous.

Portfolio Pulse from Chris Katje

November 01, 2024 | 8:07 pm

Coinbase Global (NASDAQ:COIN) reported Q3 earnings with revenue and EPS missing estimates. Revenue was $1.21 billion, below the $1.26 billion expected. EPS was 28 cents, missing the 42 cents estimate. Transaction revenue fell 27% from Q2. The stock fell 3.66% in after-hours trading.

Portfolio Pulse from Chris Katje

October 30, 2024 | 8:40 pm

Public.com promotes voting as the best way to 'bet' on the 2024 election, contrasting with the rise of prediction markets. Robinhood and Interactive Brokers have launched election-related trading products.

Portfolio Pulse from Chris Katje

October 29, 2024 | 11:15 pm

Hong Kong's Securities and Futures Commission (SFC) plans to expand digital-asset exchange licenses by 2024, aiming to establish the city as a digital asset hub. The SFC is also considering a state-backed stablecoin, HKDG, to enhance financial efficiency and inclusivity.

Portfolio Pulse from Murtuza Merchant

October 28, 2024 | 3:00 pm

A hacker has reportedly stolen nearly $20 million in cryptocurrencies from U.S. government-linked wallets, including Aave USDC, USD Coin, Tether, and Ethereum. The funds are being laundered through suspicious addresses.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 1:45 am

Prediction markets Polymarket and Kalshi show Donald Trump leading Kamala Harris in the 2024 presidential election, with significant wagers influencing the odds. Kalshi, now legally accepting bets, shows Trump with a 57% chance of winning. The swing states are crucial, with Trump leading in most. Elon Musk supports Trump, highlighting Pennsylvania's importance.

Portfolio Pulse from Chris Katje

October 17, 2024 | 10:51 pm

Spotify Technology (NYSE:SPOT) could benefit from the 2024 election cycle if it secures interviews with presidential candidates on 'The Joe Rogan Experience' podcast. Both Donald Trump and Kamala Harris are rumored to appear, potentially boosting Spotify's subscribers and advertising revenue. Analyst Justin Patterson of KeyBanc Capital Markets raised Spotify's price target, citing growth and margin improvements. Spotify's Q3 financial results are expected on Nov. 12, with potential upside in user growth and premium subscribers.

Portfolio Pulse from Chris Katje

October 16, 2024 | 10:40 pm

The cryptocurrency industry is significantly influencing the 2024 U.S. election cycle by contributing large sums to both Republican and Democratic candidates. Crypto-linked PACs and donors have raised substantial funds, with notable contributions from industry leaders like David Bailey and Chris Larsen. The industry's strategy focuses on supporting candidates favorable to crypto interests without making cryptocurrency a central campaign issue.

Portfolio Pulse from Ivan Crnogatić

October 16, 2024 | 1:32 pm

The 2024 presidential election between Kamala Harris and Donald Trump shows differing predictions from polls and betting odds. While national polls favor Harris, betting odds on platforms like Bet365 and Polymarket now favor Trump. The odds have shifted significantly, with Trump now seen as the favorite in key swing states.

Portfolio Pulse from Chris Katje

October 15, 2024 | 10:24 pm

Donald Trump's World Liberty Financial (WLFI) token sale reached $220 million in the first hour despite website issues. The project, involving Trump's family, aims to raise $300 million and focuses on stablecoins and DeFi activities.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 5:56 pm

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