In crypto prediction market news, traders on Polymarket are predicting that Caroline Ellison, former lover of FTX CEO Sam Bankman-Fried and CEO of Alameda Research, won't serve time in prison as part of her plea deal. However, there is a 20% chance she could receive a 12 to 13-month sentence. Polymarket bettors have had mixed success in predicting prison sentences in the past.

In another prediction, Polymarket bettors are giving a 13% chance for Qualcomm's bid to acquire Intel to succeed by Oct. 31. While Intel's shareholders would likely welcome the deal, regulators may pose difficulties due to Qualcomm's history as a mobile phone monopoly.

In other prediction market news, decentralized exchange dYdX announced plans to launch perpetual futures on prediction markets to bring attention to decentralized finance (DeFi). Wintermute also announced the launch of OutcomeMarket, a prediction market where outcomes are tradable as tokens listed on exchanges, starting with the U.S. election.



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