A resurgent online betting market is boosted by crypto and current events

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While the internet swarmed around submersible news and memes, some people saw an opportunity to make a few bucks. Many online prediction markets have emerged in recent years to take bets on a wide variety of current events.

Leila Register / NBC News; OceanGate Expeditions via APWhile the internet swarmed around submersible news and memes, some people saw an opportunity to make a few bucks.

It’s also one that has embraced blockchain technology as a way to possibly sidestep regulation that has scuttled other prediction markets., a Washington-based think tank that advocates for the free usage of cryptocurrency networks, called regulation of prediction markets that use crypto “an open question.”

But it’s the grimmer markets that have drawn some attention. Shortly after the sub market, focus shifted to the Russian coup and the likelihood ofPolymarket described the sub market as having “nothing to do with any outcomes regarding the passengers.”

 

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