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According to Bloomberg, Polymarket seeks CFTC approval to bring its main trading platform to the United States.

The decentralized prediction market platform Polymarket has completed the upgrade of its Central Limit Order Book (CLOB) v2, and trading functions have gradually resumed.The platform stated that there was a brief downtime during this upgrade, with trading paused and the order book cleared, but user funds and positions are safe. After the new version went live, Polymarket launched a liquidity reward program totaling $1 million, with $500,000 distributed in the first two hours and the remaining $500,000 distributed during the rest of the day.

Polymarket announced that the upgraded CLOB v2 trading platform is now live, the API has started accepting orders, and the public website will soon be accessible again. A $1 million liquidity incentive has been launched: $500,000 will be allocated in the first 2 hours, and the remaining $500,000 will be allocated for the rest of the day.

The Web3 asset data platform RootData has outlined 38 business partners of Polymarket, covering multiple key areas such as oracle, cross-chain assets, exchanges, wallets, and application layers. From a structural perspective, Polymarket primarily relies on Polygon to process transactions and supports assets from multi-chain networks such as Ethereum and Solana. It also provides key data inputs through oracles like UMA and Chainlink to ensure the credibility of event outcomes and price discovery mechanisms. In terms of asset liquidity, it collaborates with stablecoins and cross-chain services like Circle and Bridge, and connects with mainstream wallet systems including MetaMask, Phantom, and Privy, facilitating the flow of funds across different networks and lowering the barriers to participating in prediction markets. Regarding user entry points, Polymarket integrates centralized exchanges like Gate and Phemex, and combines applications and data tools such as Jupiter, MoonPay, Polysights, and Kaito to form potential ecological traffic expansion. Overall, the Polymarket ecosystem can be broken down into three layers: the upstream relies on oracles to settle "tradeable information," the middle layer completes matching and settlement through multi-chain and stablecoins, and the downstream reaches users through wallets and applications. The platform is building a financial system that converts information into prices and completes pricing through on-chain markets. Related collection: [Polymarket Web3 Partner Network Collection (continuously updated)](https://cn.rootdata.com/Archives/detail/Polymarket%20Crypto%20Business%20Partner?k=NDc2OTgz) Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to [claim data](https://www.rootdata.com/Projects/submit?ft=claimApply) and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of cryptocurrency project ecological maps, nominating Web3 ecosystem partners for upstream clients such as Visa, Mastercard, and Coinbase. **If you wish to nominate your project in future ecological maps, please fill out the [RootData 2026 Industry Ecosystem Mapping](https://forms.gle/tWArmXcpSfZJkh1r8) form to supplement your important clients and partners.**

According to Cointelegraph, the Canadian House of Commons has passed the second reading of Bill C-25, which aims to prohibit political parties and candidates from accepting cryptocurrency political donations.The bill is part of electoral law reform, aimed at enhancing transparency, strengthening enforcement, and reducing the risk of foreign interference. It will subsequently enter committee review and may still be amended, with no fixed review date currently available. Meanwhile, Canada is advancing a regulatory framework for stablecoins and improving rules related to cryptocurrency investment funds, custody, and cold storage.

According to Jinshi reports, Goldman Sachs economist David Mericle stated that the path for Kevin Warsh to become the chairman of the Federal Reserve has become clear, but changes in leadership may not immediately alter the Fed's policy stance in the coming months. He pointed out that the new chairman may not be able to advocate for rate cuts as forcefully as Powell, especially given the high uncertainty surrounding the war in the Middle East. Goldman Sachs still believes that easing policies will be introduced before the end of the year, expecting the Fed to cut rates by 25 basis points in September and December, respectively.

QCP Group analysis indicates that the negotiations between the U.S. and Iran have once again broken down, the ceasefire in the Middle East continues, and the overall geopolitical landscape remains static. A shooting incident occurred at the White House Correspondents' Dinner, with Trump suspected to be the target. After the Asian market opened, BTC briefly surpassed $79,000 and ETH broke through $2,400, but concerns arose following news of the Iranian foreign minister's visit to Russia for talks with Putin, leading to a rapid pullback in gains.The current key resistance level in the market is the CME gap around $82,000. The funding rate for BTC perpetual contracts continues to be negative, and if the price breaks upward, it may trigger short covering. Implied volatility continues to decline, and the risk reversal skew has narrowed, with market interest in upward exposure gradually increasing. Key focus this week: April 29 earnings reports from Microsoft, Amazon, Meta, and Google, as well as the FOMC interest rate decision; April 30 earnings report from Apple, U.S. Q1 GDP, and March PCE data.

According to Theblock, a new academic paper concluded that after analyzing all transactions on Polymarket from 2023 to 2025, only 3.14% of accounts were defined as "skilled winners," who were able to consistently and accurately predict short-term price trends and final outcomes. These skilled traders, along with market makers, contributed to over 30% of the platform's total revenue.The paper also pointed out that only 12% of winners belonged to the high-level trader group, while about 60% of "lucky winners" turned into losers in another data sample test. Accounts classified as unlucky or technically poor accounted for 67% of the total, bearing all of the platform's total losses.The paper was co-authored by Roberto Gómez-Cram, Yunhan Guo, Howard Kung from the London Business School, and Theis Ingerslev Jensen from Yale University, covering 1.72 million accounts and over 210,000 markets, with a total trading volume of approximately $13.76 billion.

The market data platform Polysights posted on platform X, analyzing over 20,000 Polymarket markets in the past 6 months and providing a volatility ranking. The main findings are as follows:Cryptocurrency-related markets occupy four of the top ten, exhibiting a high degree of information asymmetry, with few able to predict accurately.There is a phenomenon of deadline anxiety, with questions like "Will X happen before [date]?" generating more volatility than "Who will win?"Market outcomes tend to favor "yes"—in markets over $1 million, the probability of a "yes" outcome is 50%, while the overall probability is only 27%; when markets experience significant volatility, the final outcomes are mostly "yes."Medium-sized markets ($1 million to $7 million) are chaotic; markets over $10 million tend to have smoother price trends due to large capital involvement.

Blockchain Capital partner Spencer Bogart posted on X platform that the total transaction volume of Kalshi and Polymarket is nearly equal, both around $12 billion (the former at $12.29 billion and the latter at $12.22 billion). Excluding sports-related transactions, Polymarket's non-sports category transaction volume is $7.5 billion, while Kalshi is only $1.6 billion.Despite the positioning differences between the two in the prediction market, it is strange that they are still classified in the same category.

The prediction market platform Polymarket will undergo a V2 exchange upgrade on April 28 at 19:00, and will be down for approximately 1 hour. The V1 order book will be cleared, and all open limit orders will be canceled. Users trading via API need to update to the latest version of the SDK before the upgrade, as the V1 client will no longer be usable after the upgrade.

According to the Hong Kong Wen Wei Po, the Hong Kong police have disclosed the resolution of a cross-border phone scam case, where a criminal group impersonated mainland officials, specifically targeting mainland students studying in the UK and Australia.The scammers falsely claimed that the victims were involved in criminal cases such as money laundering and demanded their "cooperation in the investigation." They instructed the victims to travel to Hong Kong to purchase gold grains in multiple transactions at jewelry stores as "collateral," with each transaction not exceeding HKD 120,000 to evade the registration system of gold shops. The group members then collected and transferred the stolen goods. The gold grains were subsequently melted down into gold bars or exchanged for cash and virtual currency. The police have currently received a total of 7 related cases, involving approximately HKD 7 million, with the highest single case loss reaching HKD 1.6 million.

Polymarket's latest data shows that the market probability for the bet "MegaETH's market capitalization (FDV) exceeds 1 billion dollars one day after launch" is currently 88%, the probability of exceeding 600 million dollars is 97%, the probability of exceeding 800 million dollars is 93%, the probability of exceeding 1.5 billion dollars is 56%, and the probability of exceeding 2 billion dollars is 31%.Previous news indicated that MegaETH may conduct its TGE on April 30.

According to Cointelegraph, Brazilian authorities announced the ban of 27 prediction market platforms, including Kalshi, Polymarket, PredictIt, Robinhood (prediction feature), and Fanatics Markets.The ban is led by the Ministry of Finance and executed by the National Telecommunications Agency (Anatel), based on Resolution No. 5.298 issued by the Brazilian National Monetary Council (CMN), which will officially take effect in early May. The new regulations explicitly prohibit prediction contracts linked to sports, politics, entertainment, or social events, deeming their nature closer to gambling rather than financial investment; only contracts linked to economic indicators such as inflation, interest rates, exchange rates, and commodity prices will be retained. Dario Durigan, the executive secretary of the Ministry of Finance, stated that prediction markets could deepen the debt burden of households and small to medium-sized enterprises, posing financial risks. Currently, several countries, including France, Belgium, and the Netherlands, have implemented similar restrictions.

The Singapore Police Force's Anti-Fraud Centre, in collaboration with the Cyber Investigation Department and cryptocurrency platforms such as Coinbase, Coinhako, StraitsX, and Upbit, launched a month-long special enforcement operation from March 16 to April 15 this year, successfully intercepting over 2.86 million yuan in fraudulent funds.During the operation, authorities utilized analysis tools from blockchain intelligence companies TRM Labs and Chainalysis to identify victims involved in various cases, including impersonation of government officials, investment fraud, job scam, and online romance scams, and completed over 90 direct interventions via phone and face-to-face meetings. The police stated that the effectiveness of this operation was attributed to the rapid information-sharing mechanism between law enforcement agencies and private platforms, and emphasized the ongoing commitment to deepen public-private cooperation to address the increasingly complex threats of cryptocurrency fraud.

The probability on Polymarket that "Waller will be confirmed as Chairman of the Federal Reserve before May 15" rose from 27% to 85%, a short-term increase of 211%. The reason is that the U.S. Department of Justice is expected to withdraw the criminal investigation against Federal Reserve Chairman Powell. Previously, Senator Banking Committee member Thom Tillis stated that if Trump did not withdraw the criminal investigation against current Federal Reserve Chairman Powell, he would block Waller's nomination for Chairman of the Federal Reserve from entering the Senate's full voting process. Under the current influence of the news that the Department of Justice will withdraw the criminal investigation against Powell, the market expects that Waller has a very high probability of being confirmed by the Senate as Chairman of the Federal Reserve before Powell's term ends.

Gate Research Institute released a market forecast report titled "Polymarket Growth Accelerates, Gate's Layout for New Entry into Prediction Markets," which dissects trading volume, fee mechanisms, and market structure. The report points out that Polymarket's trading volume and active users continue to grow, and the platform has evolved from early on-chain experiments into an event trading market with real liquidity and revenue capabilities. Overall growth is driven by political, sports, and geopolitical events, and user retention may decline during the phase when hot topics fade.Fees and revenues are rising rapidly, driven on one hand by expanding trading demand and on the other by the expansion of the fee scope and changes in the fee structure. Revenue growth is directly related to rule adjustments. Platform trading is highly concentrated in a few high-interest sectors, and the long-tail market contributes limited overall liquidity.Gate has integrated a Polymarket entry in the app, providing two interaction modes: prediction mode and trading mode. Users can participate using USDT through their exchange accounts or use USDC on Polygon via a Web3 wallet. The report believes that prediction markets are evolving along two parallel paths: the integration of on-chain open infrastructure and centralized products. Its long-term potential depends on the continuous stability of event supply, regulatory environment, and user behavior.

According to the official page, Polymarket has added a Steam account login method.

Polymarket stated on platform X, "Last month, we released enhanced market integrity rules to combat insider trading. When we discover users trading on government confidential information, we refer the matter to the Department of Justice and cooperate with their investigation. Polymarket does not tolerate insider trading, and today's arrests prove that this system is effective."The arrest mentioned by Polymarket refers to the U.S. federal authorities arresting a special forces soldier this Thursday who was involved in the arrest of Venezuelan President Maduro. This soldier is suspected of profiting over $400,000 by betting on Maduro's ouster. Sources say federal investigators believe this commando placed over $33,000 in bets on the prediction market Polymarket just hours before President Trump announced the capture of Maduro in January.