Bitcoin24h $81,190.51-3.04%

Ethereum24h $2,372.73-5.57%

BNB24h $721.06-3.03%

XRP24h $1.31-4.57%

Solana24h $103.05-4.29%

TRON24h $0.3320-0.06%

Hyperliquid24h $80.21-1.83%

Zcash24h $1,108.03-11.60%

Dogecoin24h $0.0803-5.37%

Monero24h $546.13-1.07%

Are Polymarket and Kalshi decentralized?

Polymarket and Kalshi are popular in the cryptocurrency industry, but neither is truly “decentralized” like other projects.

Kalshi uses ‘death carve-out’ to avoid paying out on Ali Khamenei ousting

Kalshi apparently allowed traders to bet on Ali Khamenei’s ousting, racked up $54M in trades, then voided the result when he was killed.

According to a report from Paradigm several important data providers were inadvertently over-counting Polymarket volume.

Prediction market Kalshi is the subject of a class action lawsuit that claims it’s been operating an unlicensed sports gambling platform.