Polymarket plans to use in-house market maker to trade against users: Report

Bitcoin miners are currently facing unprecedented margin pressures as their profitability declines amid falling prices and increased mining difficulty. This situation is compounded by a significant drop in proxy stocks, indicating a challenging environment for the cryptocurrency sector.

Polymarket has reported a surge in the odds of Bitcoin dropping to $80,000 by year-end, now standing at 40%, indicating a shift in market sentiment towards skepticism regarding Bitcoin's near-term growth. This development reflects broader concerns among investors about the cryptocurrency's stability and potential price declines.

Polymarket is hiring an in-house team to engage in market making, a move that has raised concerns among experts regarding the potential blurring of lines between prediction markets and traditional sportsbooks. This development could undermine the platform's perceived neutrality as it begins to trade against its own customers.

CNBC has announced a multi-year partnership with Kalshi to integrate real-time prediction market data into its financial coverage across various platforms, starting in 2026. This collaboration aims to enhance the accuracy and relevance of CNBC's reporting by leveraging Kalshi's regulated prediction market infrastructure.

MetaMask has integrated Polymarket's prediction markets into its mobile app, allowing users to trade on the outcomes of real-world events directly from their wallets. This new feature, named 'MetaMask Prediction Markets,' aims to enhance the trading experience for users on the platform.

Robinhood's shares have seen an increase despite the Connecticut Department of Consumer Protection issuing cease-and-desist orders against the company and others for allegedly offering illegal sports wagering. This regulatory action highlights the state's commitment to enforcing laws on online gambling and ensuring compliance among financial technology firms.

CNBC has announced a multi-year partnership with Kalshi to integrate real-time prediction data into its financial coverage across TV, digital, and subscription platforms starting in 2026. This collaboration aims to enhance the accuracy and relevance of CNBC's financial reporting by leveraging Kalshi's predictive analytics capabilities.

Polymarket has launched its integration into the MetaMask mobile app, enhancing user access to decentralized prediction markets. This move is expected to simplify the trading experience for users, potentially increasing participation in these markets.