<p>預測市場已成為加密貨幣領域最重要的前沿之一，儘管存在爭議。曾經是小眾平台的領域，現在吸引了主要交易所、風險投資甚至傳統金融機構的關注。</p>
<p>隨着預測市場逐漸接近加密貨幣商業模式的核心，Crypto.com 在尋求招聘一名量化交易員以支持內部做市單位的過程中，引發了關於公平性和市場結構的問題，該單位將與其他交易者一起買賣合約。</p>
<p>與此同時，Coinbase 通過收購 The Clearing Company 這一鏈上預測市場初創公司，表明其對受監管預測市場的長期押注，該公司背後有來自 Kalshi 和 Polymarket 的團隊支持。</p>
<p>此外，摩根大通據報道正在探索為機構客户提供加密交易，這突顯了數字資產如何繼續滲透傳統金融，即使像 DWF Labs 這樣的加密原生公司通過擴展到實物商品來對沖其風險敞口。</p>
<p><strong>Crypto.com 尋求內部做市商以提供預測市場服務</strong></p>
<p>Crypto.com 已成為最新進入預測市場的加密貨幣交易所，儘管最近的招聘努力引發了關於市場結構和潛在利益衝突的問題。</p>
<p>根據彭博社的報道，Crypto.com 正在招聘與內部做市台相關的量化交易員，該台將與其他交易者一起買賣預測合約。該職位據稱專注於在預測市場結果中提供流動性。</p>
<p>Crypto.com 的一位發言人並未否認該報道，但表示該舉措旨在通過增加競爭和流動性來提高市場效率。該公司強調，其內部做市商遵循與外部參與者相同的規則。</p>
<p>這一發展突顯了集中交易所對預測市場日益增長的興趣，儘管在這些新興交易場所中，關於治理、透明度和公平準入的問題仍然存在。</p>
<p><strong>Coinbase 通過收購 The Clearing Company 擴大預測市場佈局</strong></p>
<p>Coinbase 通過收購 The Clearing Company 這一鏈上預測市場初創公司，進一步加大了對預測市場的投入，該公司背後有來自 Polymarket 和 Kalshi 的高管支持。</p>
<p>Coinbase 告訴 Cointelegraph，該交易預計將在 1 月完成，儘管財務條款未披露。Coinbase Ventures 是 The Clearing Company 的早期投資者，參與了今年早些時候的一輪 1500 萬美元的融資。</p>
<p>此次收購與 Coinbase 更廣泛的雄心相一致，旨在發展成為高管們所描述的 “全能交易所”，涵蓋加密交易、代幣化資產、股票交易和預測市場。</p>
<p>在最近的一份報告中，Coinbase 將預測市場視為到 2026 年最重要的增長機會之一，指出用户參與度上升以及監管和税收環境的變化。該公司指出，美國税收政策的擬議變更可能通過限制税收扣除來降低傳統賭博的吸引力，從而可能將更多活動引導至受監管的預測平台。</p>
<p><strong>摩根大通據報道考慮為機構客户提供加密交易</strong></p>
<p>摩根大通據報道正在考慮為特定機構客户推出數字資產交易服務，因為這家銀行巨頭希望在專業投資者日益增長的需求中擴大其產品。</p>
<p>根據彭博社的報道，摩根大通正在其市場部門探索與加密相關的產品和服務，表明其在數字資產方面的參與可能會超越保管和基於區塊鏈的結算倡議。</p>
<p>這一報道的舉措正值機構對加密貨幣的興趣持續上升，受到美國政治和監管背景變化的支持。特朗普政府已表示對數字資產採取更為寬鬆的態度，簽署了被稱為 GENIUS 法案的全面穩定幣立法。</p>
<p>如果實施，摩根大通在加密交易方面的擴展將標誌着傳統金融與數字資產市場之間逐漸融合的又一個里程碑，特別是在機構層面。</p>
<p><strong>DWF Labs 完成實物黃金交易</strong></p>
<p>DWF Labs 已從數字資產擴展到實物商品，完成了一筆 25 公斤黃金交易的結算，此舉突顯了加密行業內更廣泛的多元化推動。</p>
<p>管理合夥人安德烈·格拉切夫表示，該公司將其首筆金條交易作為測試批次進行結算，計劃最終擴展到其他實物商品，包括白銀、鉑金和棉花。該交易並非基於區塊鏈，而是依賴於傳統的結算基礎設施。</p>
<p>這一舉措值得注意，因為越來越多的加密原生公司悄然擴大其業務範圍，以包括傳統資產，反映出對收入生成和風險管理的更務實的態度。</p>
<p>DWF 的擴展正值黃金在宏觀經濟不確定性中繼續吸引強勁投資需求，而比特幣和更廣泛的加密市場則在恢復持續動能方面面臨挑戰。</p>
<p><em>Crypto Biz 是您每週瞭解區塊鏈和加密背後商業動態的脈搏，每週四直接送達您的郵箱。</em></p>

COIN

<p>預測市場在加密行業中越來越受到關注，主要交易所如 Crypto.com 和 Coinbase 正在擴展這一領域。Crypto.com 正在招聘內部做市團隊，這引發了市場公平性的問題。Coinbase 收購了 The Clearing Company，以增強其預測市場的產品。同時，摩根大通正在為機構客户探索加密交易，而 DWF Labs 則在向黃金等實物商品多元化。這些舉措突顯了數字資產與傳統金融的日益融合以及加密市場的不斷演變</p>

<p>Prediction markets have emerged as one of the cryptocurrency sector’s most consequential, if not contested, frontiers. Once the domain of niche platforms, they are now attracting serious attention from major exchanges, venture capital and even traditional financial institutions.</p>
<div class="lb-trans"><p>預測市場已成為加密貨幣領域最重要的前沿之一，儘管存在爭議。曾經是小眾平台的領域，現在吸引了主要交易所、風險投資甚至傳統金融機構的關注。</p>
</div><p>As prediction markets move closer to the core of crypto’s business model, Crypto.com has sparked questions around fairness and market structure after seeking to hire a quantitative trader for an in-house market-making unit that would buy and sell contracts alongside other traders.</p>
<div class="lb-trans"><p>隨着預測市場逐漸接近加密貨幣商業模式的核心，Crypto.com 在尋求招聘一名量化交易員以支持內部做市單位的過程中，引發了關於公平性和市場結構的問題，該單位將與其他交易者一起買賣合約。</p>
</div><p>Meanwhile, Coinbase has signaled a longer-term bet on regulated prediction markets with its acquisition of The Clearing Company, an onchain prediction market startup backed by a team with experience at Kalshi and Polymarket.</p>
<div class="lb-trans"><p>與此同時，Coinbase 通過收購 The Clearing Company 這一鏈上預測市場初創公司，表明其對受監管預測市場的長期押注，該公司背後有來自 Kalshi 和 Polymarket 的團隊支持。</p>
</div><p>Elsewhere, JPMorgan Chase’s reported exploration of crypto trading for institutional clients underscores how digital assets continue to seep into traditional finance, even as crypto-native companies like DWF Labs hedge their exposure by branching into physical commodities.</p>
<div class="lb-trans"><p>此外，摩根大通據報道正在探索為機構客户提供加密交易，這突顯了數字資產如何繼續滲透傳統金融，即使像 DWF Labs 這樣的加密原生公司通過擴展到實物商品來對沖其風險敞口。</p>
</div><p><strong>Crypto.com seeks an in-house market maker for prediction market services</strong></p>
<div class="lb-trans"><p><strong>Crypto.com 尋求內部做市商以提供預測市場服務</strong></p>
</div><p>Crypto.com has become the latest cryptocurrency exchange to move into prediction markets, though a recent hiring effort has raised questions about market structure and potential conflicts of interest.</p>
<div class="lb-trans"><p>Crypto.com 已成為最新進入預測市場的加密貨幣交易所，儘管最近的招聘努力引發了關於市場結構和潛在利益衝突的問題。</p>
</div><p>According to Bloomberg, Crypto.com is recruiting for a quantitative trader role tied to an internal market-making desk that would buy and sell prediction contracts alongside other traders. The position is reportedly focused on providing liquidity across prediction market outcomes.</p>
<div class="lb-trans"><p>根據彭博社的報道，Crypto.com 正在招聘與內部做市台相關的量化交易員，該台將與其他交易者一起買賣預測合約。該職位據稱專注於在預測市場結果中提供流動性。</p>
</div><p>A Crypto.com spokesperson did not dispute the report but said the initiative is designed to improve market efficiency by increasing competition and liquidity for users. The company emphasized that its internal market maker operates under the same rules as external participants.</p>
<div class="lb-trans"><p>Crypto.com 的一位發言人並未否認該報道，但表示該舉措旨在通過增加競爭和流動性來提高市場效率。該公司強調，其內部做市商遵循與外部參與者相同的規則。</p>
</div><p>The development highlights the growing interest among centralized exchanges in prediction markets, even as questions persist around governance, transparency and fair access in these emerging trading venues.</p>
<div class="lb-trans"><p>這一發展突顯了集中交易所對預測市場日益增長的興趣，儘管在這些新興交易場所中，關於治理、透明度和公平準入的問題仍然存在。</p>
</div><p><strong>Coinbase expands prediction market push with acquisition of The Clearing Company</strong></p>
<div class="lb-trans"><p><strong>Coinbase 通過收購 The Clearing Company 擴大預測市場佈局</strong></p>
</div><p>Coinbase is deepening its push into prediction markets with the acquisition of The Clearing Company, an onchain prediction market startup backed by executives with experience at Polymarket and Kalshi.</p>
<div class="lb-trans"><p>Coinbase 通過收購 The Clearing Company 這一鏈上預測市場初創公司，進一步加大了對預測市場的投入，該公司背後有來自 Polymarket 和 Kalshi 的高管支持。</p>
</div><p>Coinbase told Cointelegraph that the transaction is expected to close in January, though financial terms were not disclosed. Coinbase Ventures was an early investor in The Clearing Company, participating in a $15 million funding round earlier this year.</p>
<div class="lb-trans"><p>Coinbase 告訴 Cointelegraph，該交易預計將在 1 月完成，儘管財務條款未披露。Coinbase Ventures 是 The Clearing Company 的早期投資者，參與了今年早些時候的一輪 1500 萬美元的融資。</p>
</div><p>The acquisition aligns with Coinbase’s broader ambition to evolve into what executives have described as an “everything exchange,” encompassing crypto trading, tokenized assets, stock trading and prediction markets.</p>
<div class="lb-trans"><p>此次收購與 Coinbase 更廣泛的雄心相一致，旨在發展成為高管們所描述的 “全能交易所”，涵蓋加密交易、代幣化資產、股票交易和預測市場。</p>
</div><p>In a recent report, Coinbase identified prediction markets as one of the most significant growth opportunities heading into 2026, citing rising user engagement and a shifting regulatory and tax landscape. The company noted that proposed changes in US tax policy could reduce the attractiveness of traditional gambling by limiting tax deductions, potentially steering more activity toward regulated prediction platforms.</p>
<div class="lb-trans"><p>在最近的一份報告中，Coinbase 將預測市場視為到 2026 年最重要的增長機會之一，指出用户參與度上升以及監管和税收環境的變化。該公司指出，美國税收政策的擬議變更可能通過限制税收扣除來降低傳統賭博的吸引力，從而可能將更多活動引導至受監管的預測平台。</p>
</div><p><strong>JPMorgan reportedly considers crypto trading for institutional clients</strong></p>
<div class="lb-trans"><p><strong>摩根大通據報道考慮為機構客户提供加密交易</strong></p>
</div><p>JPMorgan Chase is reportedly weighing the launch of digital asset trading services for select institutional clients, as the banking giant looks to expand its offerings amid growing demand from professional investors.</p>
<div class="lb-trans"><p>摩根大通據報道正在考慮為特定機構客户推出數字資產交易服務，因為這家銀行巨頭希望在專業投資者日益增長的需求中擴大其產品。</p>
</div><p>According to Bloomberg, JPMorgan is exploring crypto-related products and services within its markets division, signaling a potential deepening of its engagement with digital assets beyond custody and blockchain-based settlement initiatives.</p>
<div class="lb-trans"><p>根據彭博社的報道，摩根大通正在其市場部門探索與加密相關的產品和服務，表明其在數字資產方面的參與可能會超越保管和基於區塊鏈的結算倡議。</p>
</div><p>The reported move comes as institutional interest in crypto continues to build, supported by a shifting political and regulatory backdrop in the United States. The Trump administration has signaled a more accommodative stance toward digital assets, having signed into law comprehensive stablecoin legislation known as the GENIUS Act.</p>
<div class="lb-trans"><p>這一報道的舉措正值機構對加密貨幣的興趣持續上升，受到美國政治和監管背景變化的支持。特朗普政府已表示對數字資產採取更為寬鬆的態度，簽署了被稱為 GENIUS 法案的全面穩定幣立法。</p>
</div><p>If implemented, JPMorgan’s expansion into crypto trading would mark another milestone in the gradual convergence between traditional finance and digital asset markets, particularly at the institutional level.</p>
<div class="lb-trans"><p>如果實施，摩根大通在加密交易方面的擴展將標誌着傳統金融與數字資產市場之間逐漸融合的又一個里程碑，特別是在機構層面。</p>
</div><p><strong>DWF Labs settles physical gold</strong></p>
<div class="lb-trans"><p><strong>DWF Labs 完成實物黃金交易</strong></p>
</div><p>DWF Labs has expanded beyond digital assets into physical commodities, completing the settlement of a 25-kilogram gold transaction in a move that underscores a broader push toward diversification within the crypto sector.</p>
<div class="lb-trans"><p>DWF Labs 已從數字資產擴展到實物商品，完成了一筆 25 公斤黃金交易的結算，此舉突顯了加密行業內更廣泛的多元化推動。</p>
</div><p>Managing partner Andrei Grachev said the company settled its first bullion trade as a test tranche, with plans to eventually scale into other physical commodities, including silver, platinum and cotton. The transaction was not blockchain-based and instead relied on conventional settlement infrastructure.</p>
<div class="lb-trans"><p>管理合夥人安德烈·格拉切夫表示，該公司將其首筆金條交易作為測試批次進行結算，計劃最終擴展到其他實物商品，包括白銀、鉑金和棉花。該交易並非基於區塊鏈，而是依賴於傳統的結算基礎設施。</p>
</div><p>The move is notable as an increasing number of crypto-native companies quietly broaden their operations to include traditional assets, reflecting a more pragmatic approach to revenue generation and risk management.</p>
<div class="lb-trans"><p>這一舉措值得注意，因為越來越多的加密原生公司悄然擴大其業務範圍，以包括傳統資產，反映出對收入生成和風險管理的更務實的態度。</p>
</div><p>DWF’s expansion comes at a time when gold continues to attract strong investor demand amid macroeconomic uncertainty, while Bitcoin and the broader crypto market have struggled to regain sustained momentum.</p>
<div class="lb-trans"><p>DWF 的擴展正值黃金在宏觀經濟不確定性中繼續吸引強勁投資需求，而比特幣和更廣泛的加密市場則在恢復持續動能方面面臨挑戰。</p>
</div><p><em>Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.</em></p>
<div class="lb-trans"><p><em>Crypto Biz 是您每週瞭解區塊鏈和加密背後商業動態的脈搏，每週四直接送達您的郵箱。</em></p>
</div>

Crypto Biz: Exchanges place their bets on prediction markets

- 預測市場在加密貨幣領域受到重視，吸引傳統金融機構關注。  
- Crypto.com 招聘量化交易員以提升市場流動性，但引發市場結構與公平性問題。  
- Coinbase 收購預測市場初創公司，顯示其對這一領域的長期戰略佈局。

加密業務：交易所將賭注押在預測市場上