Prediction Markets Evolve, While DeFi Faces Exploits
Prediction Markets Evolve, While DeFi Faces Exploits
The crypto landscape sees contrasting developments: prediction markets are expanding, with Robinhood processing significant volume, while the DeFi sector grapples with exploits. Balancer recently identified a rounding error as the root cause of a multi-chain exploit, highlighting ongoing security challenges in decentralized finance.
Kalshi anchor partner Robinhood processed $2.5 billion in prediction-market volume in October — implying a $300 million annualized run rate.
Balancer’s preliminary report says a rounding flaw in swap logic caused the recent exploit, with recovery efforts underway across affected chains and forks.