Episode 435
📍 Polymarket, a prediction market platform, saw $1.1 billion in bets placed on the outcome of the Super Bowl, despite regulatory hurdles and scrutiny from countries and the US CFTC.
📍 The platform has become a go-to for on-chain betting, with lifetime volume from sports-related contracts surpassing $6 billion, outpacing volume on US election markets.
📍 Meanwhile, a momentum indicator for Bitcoin has turned bearish, coinciding with President Trump's tariff rhetoric, which could lead to higher bond yields and lower risk assets, potentially shaking up the market.
📍 Bitcoin's price action remains confined within a broader range, diminishing the significance of the bearish indicator signal, but macro factors such as inflation expectations and tariff threats warrant attention as potential sources of downside volatility.
