DeFi

Decentralized Finance news and protocols

California Wealth Tax Odds Signal Uncertainty as Billionaires Leave the State

California Wealth Tax Odds Signal Uncertainty as Billionaires Leave the State

With passage uncertain, ultra-wealthy Californians are already moving out of state and adjusting business ties ahead of...

By Alex Smith 1 month ago 7 min read
Polymarket Backlash Highlights a Deeper Problem: When Market Rules Override Reality

Polymarket Backlash Highlights a Deeper Problem: When Market Rules Override Reality

The uproar surrounding Polymarket’s refusal to settle bets on a US “invasion” of Venezuela is no longer just about one d...

By Alex Smith 1 month ago 4 min read
Polymarket Sparks Outrage, Settling $10.5M Venezuela Invasion Market as ‘No’

Polymarket Sparks Outrage, Settling $10.5M Venezuela Invasion Market as ‘No’

Ambiguous resolution criteria resulted in a controversial market settlement, upsetting several Polymarket traders. The p...

By Alex Smith 1 month ago 4 min read
Deprecation of Synths on Optimism

Deprecation of Synths on Optimism

As part of Synthetix’s continued transition away from legacy systems, all Synths on Optimism will be deprecated....

By Alex Smith 1 month ago 3 min read
Prediction Markets Record All-Time High $5.3B Volume to End 2025

Prediction Markets Record All-Time High $5.3B Volume to End 2025

This week's prediction markets volume report shows sustained growth to close out 2025 with Kalshi and Polymarket both po...

By Alex Smith 1 month ago 6 min read
Prediction Markets Record All-Time High $4.9B Volume to End 2025

Prediction Markets Record All-Time High $4.9B Volume to End 2025

This week's prediction markets volume report shows sustained growth to close out 2025 with Kalshi and Polymarket both po...

By Alex Smith 1 month ago 1 min read
Polymarket’s Loss Statistics Hide a Different Reality: Most Traders Lose Small, While Liquidity Concentrates at the Top

Polymarket’s Loss Statistics Hide a Different Reality: Most Traders Lose Small, While Liquidity Concentrates at the Top

New on-chain analysis of Polymarket indicates that headline loss figures tell an incomplete story. According to defioasi...

By Alex Smith 1 month ago 3 min read
DraftKings Launches Prediction Markets App in 38 States

DraftKings Launches Prediction Markets App in 38 States

DraftKings Predictions sports and finance markets will route through CME Group, the same exchange FanDuel will use. The...

By Alex Smith 1 month ago 4 min read
Coinbase Files Lawsuits in Illinois, Michigan and Connecticut Over Prediction Markets

Coinbase Files Lawsuits in Illinois, Michigan and Connecticut Over Prediction Markets

Coinbase files lawsuits in Michigan, Illinois and Connecticut. The post Coinbase Files Lawsuits in Illinois, Michigan a...

By Alex Smith 1 month ago 4 min read
Introducing Synthetix Perps on Ethereum Mainnet

Introducing Synthetix Perps on Ethereum Mainnet

Today, Synthetix launches the canonical perp DEX on Ethereum. This marks the end of the transition phase and the beginni...

By Alex Smith 1 month ago 5 min read
12 Week Extension for sUSD on Infinex

12 Week Extension for sUSD on Infinex

Christmas just came early for sUSD depositors on Infinex with 12 weeks of SNX rewards. To support the imminent launch of...

By Alex Smith 1 month ago 3 min read
Robinhood Unveils Combos to ‘Trade and Hedge Pretty Much Anything’

Robinhood Unveils Combos to ‘Trade and Hedge Pretty Much Anything’

Robinhood unveiled plans for 'combos'—essentially parlays—at Tuesday night's event, starting with NFL games available no...

By Alex Smith 1 month ago 4 min read