Global #prediction markets

Coinbase Global Inc., the largest cryptocurrency exchange in the U.S., is preparing to unveil two rapidly growing financial products: prediction markets and tokenized equities at a product showcase on December 17.

Robinhood is significantly expanding its focus on prediction markets by entering a joint venture with Susquehanna International Group to establish a new futures and derivatives exchange and clearinghouse.

Zohran Mamdani has won the New York City mayoral election, taking just over half the total votes and defeating former Governor Andrew Cuomo (who finished with about 40%).

Gemini Space Station Inc. is reportedly planning to enter the burgeoning prediction markets space, following recent moves by industry giants like Coinbase and MetaMask.