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Crypto Bro Apocalypse: Prediction Markets Blown Up 565% as These Clueless Billionaires Bet Big on Events They Have No Idea About

A  illustration of billionaire figures standing in front of a giant prediction market board with rapidly spinning wheels and flashing lights, surrounded by chaotic scenes of cryptocurrency trading screens and news headlines about the presidential election.

Prediction markets are the crypto bros’ new favorite thing – a way to bet big on events they don’t even understand and hope for the best (or worst). 565% growth in Q3 is just proof that these platforms are nothing but fancy betting parlors, where suckers can lose their shirts. And who’s driving this madness? The same crypto bros who thought Bitcoin would moon to the stars overnight.

Source: cointelegraph

Prediction markets saw significant growth in the third quarter, driven by bets on the upcoming United States presidential election, which could have wide-reaching effects on cryptocurrency regulations. The betting volume on prediction markets rose over 565.4% in Q3 to reach $3.1 billion across the three largest markets, up from just $463.3 million in the second quarter. The significant growth in prediction market volume was attributed to increasing bets as the […]

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