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DeFi Rate authorCheryle Shepstone

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About Cheryle

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Cheryle has close to 20 years experience in the iGaming industry across casino, poker, and sports. She spent six years in a leadership role at Catena Media, driving SEO strategy and contributing to revenue performance. Her approach is shaped by industry experience, a strong commercial focus and an appetite for learning new things.

News

Stories by Cheryle Shepstone

61–80 of 80, newest first

  1. 9 of the Most Bizarre Prediction Markets Open for State of the Union

    From Trump’s water intake to whether he’ll say “discombobulator,” prediction markets have left no stone unturned.

  2. SOTU Odds: Mentions, Attendance, Trump’s Speech at Kalshi and Polymarket

    Everything you can trade on Kalshi and Polymarket for the State of the Union, from mentions and attendance to how long Trump speaks, in the largest political speech markets yet.

  3. Crypto.com Wins Conditional Approval for U.S. Crypto Custodian Bank, but Conditions Remain

    Crypto.com received conditional OCC approval to charter a national trust bank for custody, staking and settlement, but must meet a list of requirements before it opens.

  4. Kalshi Experiences Significant Point of Failure During Super Bowl

    Kalshi users reported deposits that never arrived throughout the Super Bowl, despite the exchange adding PayPal and Venmo the week before to handle demand.

  5. Is Kalshi legal in California? What to know ahead of Super Bowl LX

    California allows no legal sports betting, but Kalshi and other CFTC-licensed prediction market apps let residents trade Super Bowl LX contracts under federal authority.

  6. Google Officially Categorizes Prediction Markets as Finance, Not Gambling

    Google will begin allowing regulated prediction markets to run Google Ads, classifying them as financial products, not gambling.

  7. DraftKings Launches Prediction Markets App in 38 States

    DraftKings Predictions launched with sports and finance markets routed through CME Group, the same exchange FanDuel will use.

  8. Coinbase Files Lawsuits in Illinois, Michigan and Connecticut Over Prediction Markets

    Coinbase Financial Markets sued Illinois, Connecticut and Michigan in federal court to block them from enforcing gambling laws against its planned prediction markets.

  9. Robinhood Unveils Combos to ‘Trade and Hedge Pretty Much Anything’

    Robinhood unveiled plans for ‘combos’—essentially parlays—at Tuesday night’s event, starting with NFL games available now and custom multi-game combinations coming in January.

  10. Coinbase Races to Become the ‘Everything App’ for Crypto Trading

    Coinbase will unveil prediction markets and tokenized equities at a December showcase, launched direct trading of Solana tokens and joined the Coalition for Prediction Markets.

  11. Kalshi and Crypto.com Form Trade Group Amid Regulatory Battles

    Five major prediction market operators—Kalshi, Crypto.com, Robinhood, Coinbase and Underdog—launched the Coalition for Prediction Markets on Thursday.

  12. Will the Fed Cut Rates? 94% Say Yes with $35 Million on the Line

    Polymarket and Kalshi show near-unanimous consensus for a Fed rate cut ahead of Wednesday's decision, with heavy trading in the past 24 hours.

  13. Kalshi Nears $1.8 Billion Weekly Volume as Prediction Markets Top $2.3 Billion

    Kalshi posted $1.8 billion in weekly volume, up 15.2%, capturing 78% of the market. Polymarket recorded $511 million, up 19.7%. Combined volume hit $2.3 billion.

  14. You can trade Polymarket in MetaMask now. But should you?

    MetaMask now offers Polymarket prediction markets through an exclusive partnership, but the convenience comes with a per-trade fee.

  15. Polymarket Traders Knew The Weeknd Was Going to Beat Drake on Spotify Wrapped

    Polymarket odds on The Weeknd's Spotify Wrapped rank jumped hours before the announcement, and critics say traders had found the results in a publicly accessible file.

  16. Kalshi Raises $1 Billion as Prediction Markets Hit $2.2 Billion Weekly

    Kalshi built $1.2B in weekly volume with US users alone. Polymarket built $952M with everyone else, per Defi Rate analytics.

  17. Coinbase Hides Prediction Markets Platform 24 Hours After Leak

    Coinbase removed public access to its unreleased prediction markets platform within a day of researcher Jane Manchun Wong posting screenshots, its second major leak since September.

  18. Polymarket CEO Slams DraftKings and FanDuel, Calls Regulatory System a Scam

    Polymarket Founder and CEO Shayne Coplan attacked sportsbooks on Tuesday, saying that regulated sports betting is a scam, and called DraftKings and FanDuel a “duopoly”.

  19. Tarek Mansour Says Growth Outpacing Early Projections for Prediction Markets

    Kalshi CEO Tarek Mansour said he expected prediction markets to take a decade to reach stock-trading scale, but it is coming sooner as Kalshi creates a new class of active traders.

  20. Coinbase CEO Says Earnings-Call Stunt Was ‘Fun’ After Triggering Prediction Markets

    Brian Armstrong said his earnings-call list of crypto buzzwords, which settled several mention markets, happened spontaneously after a teammate shared a market link.