Polymarket and other predictive platforms drive the oil market, traders say

Polymarket and other predictive platforms drive the oil market, traders say

Power traders say online betting platforms are directly driving the global oil market as they rely heavily on unpredictable markets to secure multi-million dollar trades. Market experts said that datafeeds from forecasting platforms such as Polymarket are used to create algorithms that influence trades in the global Brent crude futures market. Polymarket’s “extensive” use of … Read more

Markets Watchdog Passes Amid Iran Insider Trading Allegations

Markets Watchdog Passes Amid Iran Insider Trading Allegations

Last Saturday, while the world markets were closed, President Donald Trump issued a serious threat to the leaders of Iran: Open the Strait of Hormuz within 48 hours or the United States will “destroy” the country’s energy plants. Then, shortly before American traders returned to work on Monday, Trump backed away from that weakness, announcing … Read more