Crypto Meets Hollywood: Prediction Market Chaos Unleashed!

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Who needs a crystal ball when you can bet on who will win the Oscar? 🎬💸 Prediction markets have a new product offering targeting entertainment fans, thanks to a key partnership between Crypto.com and Hollywood.com. (Spoiler: The winner is always the one with the most tweets.)

We’re finally getting paid for our ideas. 🤑)

In October, Trump Media & Technology Group, the company behind Truth Social, announced plans for a new regulated prediction market, also in partnership with Crypto.com’s North America derivatives unit. (Because nothing says “trustworthy” like crypto and politics. 🤡)

The Solana decentralized exchange platform, Jupiter, also recently entered the space with a beta version of a prediction market backed by Kalshi. (Because who needs stability when you can have a beta? 🚀)

Meanwhile, prediction market operator Kalshi has reportedly attracted fresh venture capital interest at a valuation of over $10 billion. Blockchain prediction marketplace Polymarket has also seen notable growth and is eyeing re-entry into the U.S. to take over the sports betting market. (Because nothing says “disruption” like betting on sports with a blockchain. 🏈💸)

“Entertainment fans are some of the most passionate consumers, and we look forward to providing them a new, legal prediction market specifically tailored to them through a trusted platform,” said Travis McGhee, managing director, global head of capital markets at Crypto.com. (Translation: We’re not just selling crypto. We’re selling hope. 🕊️)

On offer will be contracts that allow fans to trade predictions on movies, Broadway shows, television programs, major award shows, and musical artists among others. (Because who doesn’t want to bet on whether a musical will close early? 🎭)

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2025-11-03 23:13