Speculators bet $10 million on Ethereum ETF approval on Polymarket — but it's unclear what they're betting on
Polymarket: A Decentralized Prediction Market Platform What is Polymarket? Polymarket is a decentralized prediction market platform that allows users to bet on the outcome of future events. It uses blockchain technology to ensure transparency and security in its predictions. Some trending hashtags related to Polymarket are #decentralized #predictionmarket #ethereum #cryptocurrency. Spot Ethereum ETFs and Polymarket Polymarket has recently gained attention for taking bets on whether or not spot ethereum ETFs will be approved by May 31. This comes after the SEC (Securities and Exchange Commission) has repeatedly delayed its decision on approving a bitcoin ETF. Some popular crypto tickers related to this event are ETH, ETF, and SEC. The Debate on Ethereum ETFs The approval of a spot ethereum ETF has been a highly debated topic in the crypto community. Some argue that it would bring more institutional investors into the market and boost the price of Ethereum. Others believe ...