DeFi Rate
@DeFiRate
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A trusted resource for all things #DeFi
San Francisco, CA
Joined July 2019
"Through the strength of those relationships and conversation [with regulators], we got comfortable in the approach that we’re taking " -- Jason Robins on DraftKings prediction market plans. Story @DeFiRate:
defirate.com
DraftKings will launch a prediction markets platform with sports event contracts to reach states without legal online sports betting, despite regulatory risks.
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News: Google is integrating prediction market data from Polymarket and Kalshi into Google Finance. You’ll be able to ask Search questions and get live market probabilities. Another big validation moment for prediction markets.
defirate.com
The predictive power of prediction markets Kalshi and Polymarket are seen as a major enhancement for Google Finance.
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Coinbase CEO Brian Armstrong ended the earnings call by rattling off crypto buzzwords, instantly impacting prediction markets. He later called it "fun." An example of how easily mention markets can be influenced when the speaker controls the outcome.
defirate.com
Coinbase CEO Brian Armstrong sparked viral buzz by deliberately saying crypto buzzwords that settled real-money prediction markets during the Q3 earnings call.
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The Fed cut rates by 0.25% on Wednesday, but Fed Chair Jerome Powell gave no promise of another cut in December. Here's what analysts are saying.
defirate.com
The Fed cut rates by 0.25% and signaled no guarantee of another cut in December. Bitcoin fell 2% as markets reacted to Jerome Powell’s cautious tone.
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Trump Media is entering prediction markets. Truth Predict will let Truth Social users trade on elections, interest rates, sports outcomes, and more. https://t.co/S1AiTFH9pu
defirate.com
Trump Media is launching Truth Predict, a real-time prediction market platform inside Truth Social, powered by Crypto.com Derivatives North America.
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IBM today launched Digital Asset Haven, a platform for banks, governments & major institutions to manage crypto securely across 40+ blockchains. https://t.co/iWKmKza2Yn
defirate.com
IBM’s new platform, Digital Asset Haven, helps banks and governments manage crypto securely and compliantly across 40+ blockchains with Dfns technology.
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Trump nominates Mike Selig to lead the CFTC. Selig is a crypto-friendly pick who’s likely to take a favorable view of prediction markets like Kalshi and Polymarket. Big signal for pro-crypto regulation, writes @MarcusDiNitto. https://t.co/e8650auKNy
defirate.com
CFTC head nominee Mike Selig dropped a social media post replete with words that make prediction markets optimistic.
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JPMorgan is going crypto-native. By the end of 2025, the world’s biggest bank will let institutional clients use Bitcoin & Ether as loan collateral — its largest move into digital assets yet.
defirate.com
JPMorgan will let institutional clients use Bitcoin and Ether as collateral for loans by late 2025, signaling crypto’s growing role in traditional finance.
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The NHL just became the first major U.S. sports league to partner with prediction markets, giving Kalshi and Polymarket rights to NHL data and logos. A milestone for market legitimacy, and a shot across the bow for sportsbooks, writes @MarcusDiNitto.
defirate.com
Kalshi and Polymarket’s simultaneous partnerships with the NHL provide further legitimization for prediction markets.
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DraftKings has acquired CFTC-approved Railbird Exchange and will launch a new app, DraftKings Predictions, to trade real-world outcomes across finance, culture — and maybe sports. https://t.co/IhenxHf4RI
defirate.com
While 'sports' is conspicuously absent from the announcement, there's a good chance DraftKings’ core competency is on the road map.
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Wall Street meets FanDuel? CME Group is set to launch financial contracts tied to sports outcomes and economic indicators — putting it head-to-head with Kalshi and Polymarket. https://t.co/qpoFBvVCkI
defirate.com
CME Group and FanDuel plan to launch sports and economic event contracts, challenging Kalshi and Polymarket as prediction markets collide with sports betting.
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Crypto is central to Kalshi’s growth strategy. According to CEO Tarek Mansour, it doesn’t have to be either on-chain or off-chain. The focus is on building a platform that connects seamlessly with both crypto-native and mainstream users. @MarcusDiNitto
https://t.co/6Eu1q4iYKs
defirate.com
Kalshi sees crypto as critical to its growth, but the company doesn't have to make a binary decision about blockchain, Tarek Mansour says.
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Investment keeps flowing into prediction markets. Kalshi announced today, Friday, Oct. 10, that it has “recently raised” $300 million at a valuation of $5 billion, a figure consistent with earlier reports. https://t.co/uT1OF2WMUi
defirate.com
Kalshi has 'recently raised' $300 million at a valuation of $5 billion and has expanded to 140+ countries beyond the US.
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Intercontinental Exchange’s (ICE) potential $2 billion investment in Polymarket marks one of the boldest bets yet on the merging of DeFi, tokenization, and prediction markets. @MarcusDiNitto has it covered and why it matters 👇 https://t.co/1wzkzwx50B
defirate.com
News of ICE's potential $2 billion investment in Polymarket is reverberating through the financial and gambling communities.
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This Week in #DeFi: 🐙 @krakenfx launches Web3 wallet 📷 🚀 @okx launches Layer 2, @XLayerOfficial 🧑💻 @hero_glyphs adds PoW touch to solo-staking on Ethereum Get the DeFi News 👇 https://t.co/HW87FYEnu9
defirate.beehiiv.com
A Weekly Recap of All Things DeFi
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This Week in #DeFi: 🦄@Uniswap launches browser extension + limit orders 💥 @Blast_L2 surpasses $2B TVL, launches mainnet 🪶 @Arbitrum partners with Robinhood, receives $LINK staking Get the DeFi News 👇 https://t.co/HW87FYEnu9
defirate.beehiiv.com
A Weekly Recap of All Things DeFi
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This Week in #DeFi: 📈 $PANDORA Token Spikes to $260M Market Cap 🚔 New @SEC definition of “dealer” may rope in DeFi 🕳 @Wormhole announces airdrop & tokenomics plan Get the DeFi News 👇 https://t.co/HW87FYEnu9
defirate.beehiiv.com
A Weekly Recap of All Things DeFi
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This Week in #DeFi: 🔵 @Synthetix launches perpetuals protocol on Base L2 📈 @AltLayer trades at $3B FDV following airdrop 🧛♂️ @EtherFi begins vampire attack on EigenLayer Get the DeFi News 👇 https://t.co/9RINpERwvR
defirate.beehiiv.com
A Weekly Recap of All Things DeFi
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This Week in #DeFi: 👻 Is @Aave expanding to @Solana? 📈 $ONDO reaches $2B market cap within 24h 💰 @dYdX passes Uniswap in daily volume Get the DeFi News 👇 https://t.co/HW87FYDPEB
defirate.beehiiv.com
A Weekly Recap of All Things DeFi
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This Week in #DeFi: 🪙 @PayPal’s $PYUSD picks up momentum 📈 @Polymarket volume soars on ETF decision 📄 $USDC issuer @Circle files for IPO Get the DeFi News👇 https://t.co/HW87FYEnu9
defirate.beehiiv.com
A Weekly Recap of All Things DeFi
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