JPMorgan is weighing a move into prediction markets as crypto firms, startups and rivals like Goldman Sachs race to dominate the fast-growing sector.
Jamie Dimon signals JPMorgan entry into prediction markets as competition surges
JPMorgan is weighing a move into prediction markets as crypto firms, startups and rivals like Goldman Sachs race to dominate the fast-growing sector.
Shares:
The strategy, offering an annualized yield exceeding 24%, will be soon rolled out to institutions and retail users.
The bank’s decision will depend on regulatory developments in Brazil and the success of stablecoin rollouts by U.S. financial institutions.
Onchain data shows WLFI’s sharp drop was driven by shorting and dumping across exchanges – not Justin Sun's token movements – while the project says wallet freezes targeted phishing-related compromises,
Timothy Peterson says ether ETFs have lost about 7% of cost-basis capital over five weeks, versus 4% for bitcoin ETFs.