Uniswap

CODE

DeFi

BARRON

<div id="youtube2-bYrAwPyp9W8" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;bYrAwPyp9W8&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM">
 <div class="youtube-inner">
  <iframe src="https://www.youtube-nocookie.com/embed/bYrAwPyp9W8?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe>
 </div>
</div>
<p>The cryptocurrency prediction market Poly Market is gaining significant traction, with website traffic surpassing popular DeFi platforms like Uniswap and dYdX combined. This surge in interest has caught the attention of U.S. politicians, particularly Senator Elizabeth Warren, who has recently targeted prediction markets in a letter to the Commodity Futures Trading Commission (CFTC).</p>
<p>Warren's concerns revolve around the potential manipulation of these markets by wealthy individuals. However, proponents argue that prediction markets serve as valuable tools for evaluating truth and providing important data, especially in the political landscape. The Young Turks, a prominent left-leaning media outlet, has begun utilizing Poly Market data in their coverage.</p>
<p>The timing of Warren's letter is noteworthy, as it coincides with a planned meeting between cryptocurrency advocates and Kamala Harris's campaign. This meeting, originally scheduled for today but postponed to later in the week, suggests a potential shift in the Democratic party's approach to cryptocurrency regulation.</p>
<p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://pbn3.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://pbn3.substack.com/subscribe?"><span>Subscribe now</span></a></p>
<p>Poly Market is powered by the Polygon blockchain and utilizes the UMA (Universal Market Access) protocol, which was conceptualized by Ethereum co-founder Vitalik Buterin in 2014. UMA serves as the "engine of truth" behind Poly Market's operations, highlighting the long-term development and potential of this technology.</p>
<p>The legal status of prediction markets in the United States remains uncertain. While the CFTC currently has the authority to deem certain markets legal or illegal, some legal experts believe this stance could be challenged in the Supreme Court. There are concerns that pushing these markets offshore could lead to less regulation and potentially recreate conditions similar to the FTX collapse.</p>
<p>As prediction markets continue to evolve, their potential applications extend beyond politics and finance. Vitalik Buterin has suggested that similar technology could be used to improve fact-checking systems like Twitter's Community Notes, potentially offering faster and more accurate consensus on information. This expanding use case demonstrates the growing importance of blockchain-based prediction markets in our increasingly complex information landscape.</p>
<div>
 <hr>
</div>
<p>~<strong>This episode is sponsored by Margex Exchange</strong>~ Your Reliable Way to Trade Bitcoin ➜ <a href="https://margex.com/?rid=98690522">https://margex.com/?rid=98690522</a></p>
<div class="captioned-image-container">
 <figure>
  <a class="image-link image2" target="_blank" href="https://margex.com/?rid=98690522" data-component-name="Image2ToDOM">
   <div class="image2-inset">
    <picture>
     <source type="image/webp" srcset="https://substackcdn.com/image/fetch/w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 424w, https://substackcdn.com/image/fetch/w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 848w, https://substackcdn.com/image/fetch/w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 1272w, https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 1456w" sizes="100vw">
     <img src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:230264,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://margex.com/?rid=98690522&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 424w, https://substackcdn.com/image/fetch/w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 848w, https://substackcdn.com/image/fetch/w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 1272w, https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c0c0711-67d3-40f1-a25b-f7e5432fb004_1600x900.jpeg 1456w" sizes="100vw" loading="lazy">
    </picture>
    <div></div>
   </div></a>
 </figure>
</div>
<p><strong>Trade Up To 100x Leverage w/ Margex </strong><br>(Get $50 Dollar Bonus for signing up + another $50 once you deposit $100) Make a deposit THEN use code: <strong>PBN20 </strong>to get a 20% bonus on deposits. You can cover UP TO 50% TRADING FEES with Bonuses</p>
<div>
 <hr>
</div>
<p><strong>PBN3 Airdrop Summer |&nbsp;<a href="https://www.paulbarronnetwork.com/airdrop-summer-2024">CLAIM NOW!</a></strong></p>
<p><strong>50% OFF ALL PBN3 MEMBERSHIPS (Use code: PBNSUMMER50)</strong><br>➜ <a href="https://www.paulbarronnetwork.com/store">https://www.paulbarronnetwork.com/store</a><br><br>Subscribe on YouTube ✅ <a href="https://bit.ly/PBNYoutubeSubscribe">https://bit.ly/PBNYoutubeSubscribe</a><br>X/Twitter 📱 <a href="http://bit.ly/PBNtwitter">http://bit.ly/PBNtwitter</a><br><br>Looking for the best tax havens for crypto? Free month with iTrustCapital - Use PROMO CODE - PAUL BARRON <a href="https://rebrand.ly/PAULBARRON">https://rebrand.ly/PAULBARRON</a></p>

Elizabeth Warren Wants To Ban Polymarket ASAP!️‍🔥$UMA a 30X Token?🚀

Paul Barron Network

Other articles published on Aug 6, 2024

Potential Global Bear Market Sparked by Japan’s Crypto Influence

Binance contests $86 million tax penalty issued by India’s DGGI

Binance Coin hit hard: BNB loses 31%—Brace for more pain?

Stocks to Watch Today: Palantir, Nvidia, and UBER

Swan Bitcoin Scraps Pacific Bitcoin Conference After Downsizing

India Fines Binance $86 Million

Join our free newsletter for daily crypto updates!