The Daily: Fresh Polymarket accounts net $1M ahead of US airstrikes on Iran, JPMorgan says crypto bill could be approved within months and more

In today’s briefing, decentralized prediction market Polymarket made headlines as a series of newly created accounts collectively earned over $1 million by correctly predicting the timing of US military responses in the Middle East. This surge in activity underscores the growing role of prediction markets as unconventional intelligence signals for geopolitical volatility. On the regulatory front, JPMorgan analysts have shared an optimistic outlook, suggesting that a major US crypto bill—likely focused on stablecoin regulation or market structure—could see approval within the coming months, marking a significant milestone for the domestic industry. Other notable developments include a steadying of Bitcoin prices following recent macro data releases and an uptick in institutional interest for Ethereum-based financial products. Market observers are also tracking increased developer activity in the Layer 2 space as competition for scalability heats up.

Source: The Daily: Fresh Polymarket accounts net $1M ahead of US airstrikes on Iran, JPMorgan says crypto bill could be approved within months and more