Crypto Bets On Argentina Inflation Stoke Fears Of Insider Trading On Polymarket
Argentinian authorities have ordered a full national blockade of Polymarket after it predicted inflation data. An Authoritarian Crypto Ban? Argentinian outlets reported this Monday that a court ruling in Buenos Aires ordered a nationwide blockade of Polymarket, one of the largest crypto prediction market platforms globally. The blockade will be enforced via the Ente Nacional […]
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As inflation rips through Argentina’s economy, the nation appears to be turning its gaze toward cryptocurrencies as a financial haven. Particularly, with inflation soaring to as high as 276% per year, according to a report, Argentina is now witnessing a massive turn in the monetary strategy as citizens chase after stability, even if it comes […]
Following legal setbacks that limited access for American investors back in 2022, the Commodity Futures Trading Commission (CFTC) officially approved Polymarket’s launch as a crypto-based prediction market in the United States. Polymarket To Enter US Market Shayne Coplan, Polymarket’s CEO, shared the news on X (formerly Twitter), stating that the prediction platform has been given […]
The government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Prices,” to force retailers and producers to establish a fixed price on various products, to be maintained for up to 90 days. Argentina to Rely on Price Controls for Inflation Battle The raging inflation numbers that Argentina is facing this year have prompted the government to propose a series of actions directed to curb inflation during the last three months of 2022. Sergio Massa,....