Crypto Platforms Navigate Market Dynamics as Google Integrates Prediction Data
Crypto Platforms Navigate Market Dynamics as Google Integrates Prediction Data
Recent developments across the crypto landscape show a mix of expanding market visibility and cautious institutional approaches. Google Finance is set to integrate prediction market data from platforms like Polymarket and Kalshi, enhancing accessibility to these speculative markets. Meanwhile, Robinhood reported a substantial 300% increase in crypto revenue in Q3, totaling $268 million, yet remains hesitant about adopting Bitcoin for its corporate treasury, citing capital allocation concerns.
Prediction Markets Gain Google Visibility
Google Finance announced plans to roll out prediction markets data from leading platforms Polymarket and Kalshi. This integration, expected in the coming weeks, will make data from these platforms more readily accessible within Google's search results, potentially broadening their reach to a mainstream audience.
Robinhood Balances Revenue Growth with Bitcoin Treasury Caution
Robinhood experienced a significant surge in its crypto-related revenue, which climbed 300% to $268 million in the third quarter, contributing to its overall revenue of $1.27 billion. Despite this strong performance in its crypto division, the company expressed caution regarding the adoption of Bitcoin as a corporate treasury asset, questioning whether it represents the best use of its capital.