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JPMorgan Weighs Prediction Markets as Sector Expands

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Jamie Dimon said JPMorgan may enter the prediction markets sector in the future.
  • He ruled out offering contracts tied to sports or political events.
  • Goldman Sachs confirmed it is actively reviewing prediction market opportunities.
  • Polymarket and Kalshi remain leading platforms as competition expands.
  • Coinbase and Robinhood have added prediction trading to their services.

JPMorgan CEO Jamie Dimon said the bank may enter prediction markets as large institutions assess the fast-growing sector. He shared the update during a CBS interview on Tuesday. His remarks place JPMorgan alongside Goldman Sachs in reviewing potential offerings.

JPMorgan Reviews Prediction Markets Strategy

Dimon confirmed JPMorgan is studying the space but set clear limits. “It’s possible one day we’ll do something like that,” Dimon said. However, he ruled out markets tied to sports or politics.

He stressed that the bank would follow strict internal standards. “There’s a bunch of stuff we won’t do,” Dimon said. He added, “We have strict rules around insider information.”

Goldman Sachs has also advanced its review of prediction markets. CEO David Solomon addressed the topic during the bank’s January earnings call. He said the firm has engaged directly with industry leaders.

“I personally met with the two big prediction companies,” Solomon said. He said he spent hours learning about their models and leadership. He added that a team continues to evaluate the sector.

Neither bank has disclosed launch timelines. They have also not detailed technology choices or regulatory structures. However, their statements confirm active internal discussions.

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Polymarket, Kalshi, and Rising Crypto Platforms

Prediction markets were once centered on two main platforms. Polymarket and Kalshi dominated the sector for years. Now, competition has expanded quickly across crypto and traditional firms.

Coinbase and Robinhood have integrated prediction market trading. These companies offer retail access through existing platforms. Their entry has increased user participation and market volume.

Polymarket operates on blockchain infrastructure using Polygon. Users deposit stablecoins and place outcome-based trades. Smart contracts record transactions and settle payouts automatically.

Kalshi uses a regulated exchange model without blockchain systems. It offers event contracts under centralized order matching. The platform handles settlement through traditional mechanisms.

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Polymarket has secured partnerships and investment backing. It maintains ties with Intercontinental Exchange, which owns the New York Stock Exchange. The company holds an estimated $20 billion valuation.

Kalshi recently closed a funding round led by Coatue Management. The round valued the platform at about $22 billion. These figures reflect growing capital flows into prediction markets.

Regulation in the United States continues to evolve. Authorities assess how event contracts should be classified. Banks have indicated they will monitor policy developments closely.

Earlier this month, the Commodity Futures Trading Commission advanced oversight efforts. The agency outlined steps to build a regulatory framework. These actions mark the latest formal move shaping prediction markets in the U.S.

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Tether Exec to Lead Pro-Crypto PAC, Marking Industry’s Midterm Push

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Crypto Breaking News

Key takeaways

  • Jesse Spiro of Tether is poised to chair Fellowship PAC, a crypto-backed political committee planning endorsements for the 2026 U.S. midterms.
  • The group claims to have raised over $100 million from crypto-aligned backers, though transparency around contributors remains limited.
  • The Fellowship PAC filed with the U.S. Federal Election Commission on Aug. 7 and had reported no contributions or expenditures as of Dec. 31, raising questions about funding sources and operational timeline.
  • Industry politics are intensifying as lawmakers weigh digital-asset regulation alongside debates over stablecoins, with broader implications for the sector’s political leverage.

Industry money and the evolving political playing field

Ripple Labs and Coinbase—spent more than $130 million on media buys in the 2024 elections and reported having about $193 million on hand ahead of the 2026 midterms. These figures illustrate a pattern of substantial, strategically deployed resources intended to shape messaging, candidate selection, and policy outcomes in ways perceived to benefit the sector.

Regulatory crossroads: stablecoins, yield, and the CLARITY Act

What to watch next in the 2026 cycle

Beyond U.S. politics, observers point to a broader question: will political engagement by the crypto sector translate into tangible regulatory outcomes, or will it primarily serve as signaling to markets and builders? The coming months should reveal how the Fellowship PAC, and others like it, balance signaling with real-world policy influence, particularly as the Senate weighing of the CLARITY Act remains unsettled and as discussions around stablecoins and digital-asset markets continue to evolve.

Cointelegraph and other outlets will continue monitoring filings, endorsements, and the evolving regulatory dialogue to assess how these political moves might shape the crypto landscape through 2026 and beyond.

Readers should watch for developments on who funds Fellowship PAC, how its endorsement strategy unfolds, and whether the Senate reopens consideration of digital-asset reform in a way that aligns with or counters the industry’s political ambitions.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Bitcoin is Positioning for ‘War is Ending’ Narrative Ahead of Trump’s Iran Speech

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Bitcoin held steady near the $68,000 range on Wednesday as markets braced for a key speech from President Donald Trump on the Iran war. Reports suggest Trump may signal that the conflict is nearing an end, possibly within weeks, while framing recent actions as a strategic success.

However, despite the “war ending soon” narrative gaining traction, Bitcoin’s intraday data shows a more cautious market beneath the surface.

Rallies Sold, Not Built

Cumulative Volume Delta (CVD) shows a clear trend: sellers dominated most of the day.

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After an early push higher, CVD steadily declined into negative territory. This means more aggressive sell orders hit the market than buys. In simple terms, traders used price strength to exit positions rather than build new ones.

Even during small recoveries later in the day, selling pressure continued. That signals weak conviction behind the upside.

Bitcoin CVD on April 1, 2026. Source: TradingView

Volume Confirms Distribution

On-Balance Volume (OBV) tells a similar story.

While Bitcoin’s price moved sideways for much of the session, OBV trended lower. This divergence suggests that volume flowed out of the asset, not into it.

Put simply, the market was not accumulating Bitcoin. Instead, it was quietly distributing, with sellers outweighing buyers over the full session.

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Bitcoin On-Chain Volume on April 1, 2026. Source: TradingView

Late Buyers Step In — But Lightly

Chaikin Money Flow (CMF) adds a final layer.

The indicator flipped slightly positive toward the end of the day, showing that some buyers stepped in during the final hours. However, the move remained modest and inconsistent.

This suggests dip-buying activity, but not strong or sustained demand.

Bitcoin CMF on April 1, 2026. Source: TradingView

Market Prepares, But Doesn’t Commit

Taken together, the data points to a market positioning defensively.

Bitcoin appears to be pricing in the possibility of de-escalation. Yet traders are not aggressively betting on a breakout. Instead, they are selling into strength and waiting for confirmation.

The pattern aligns with a broader “sell the news” setup.

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Bitcoin Price Chart Over the Past Week. Source: CoinGecko

A Narrative Priced In — But Not Trusted

If Trump confirms a near-term end to the conflict, markets may react positively at first. However, Bitcoin’s flow data suggests that much of this expectation is already priced in.

For now, the market is not chasing the narrative. It is preparing for it — cautiously.

The post Bitcoin is Positioning for ‘War is Ending’ Narrative Ahead of Trump’s Iran Speech appeared first on BeInCrypto.

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square


Square is waiving processing fees for Bitcoin payments at US merchants for two years, with instant dollar conversion to reduce adoption barriers.

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

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This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

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Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.