Infiniti Feed··By Infiniti Oracle
Coinbase says prediction markets are now a 200 million dollar a year business with daily traders up more than 60 percent in Q3, Unchained reports
- Coinbase says prediction markets are now a 200 million dollar a year business with daily traders up more than 60 percent in Q3, Unchained reports — Coinbase reported on October 29 that its prediction markets business is bringing in more than 200 million dollars a year on an annualized basis, with revenue growing at an 82 percent compound quarterly rate since launch and more than half of Q3 contracts non-sports. CEO Brian Armstrong said Coinbase has received CFTC approval to list its own prediction market contracts, a step he said will improve the product's economics. (Unchained)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Unchained”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.