BTC ETF Frenzy Brings Windfall Volume to Polymarket, a Decentralized Betting Platform

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

Last month, the platform listed a contract, “Bitcoin ETF approved by Jan 15,” which expired Wednesday, with the SEC greenlighting ETFs. Traders wagered more than $12 million throughout the contract’s lifetime, with some participants buying the “No” side shares as a hedge against potential rejection.

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