The post Odds of Kanye West launching a token just spiked to over 80% appeared on BitcoinEthereumNews.com.

The odds of Kanye West launching a token by the end of February suddenly spiked to 83% as rumors circulated of a new YZY ticker in the making. In the past few days, the odds of a launch expanded more slowly to about 45%.  On Polymarket, the odds of a new Kanye West meme token suddenly spiked to 83% following rumors of an upcoming launch. Later, the odds decreased to 80%, while the market retained volumes above $9.3M.  The prediction market spiked within minutes, later retreating to 61% for ‘Yes’ tokens. | Source: Polymarket The market resolution was not imminent, as the launch date remained uncertain, with a week to go until the end of the month. However, the odds gained additional activity, fluctuating by 5% with additional bets. The market is not yet proposing ‘Yes’ as a resolution, as traders debate the authenticity of claims, as well as the exact timeline of launching the YZY token. Betting market in conflict for possible insider information The betting market discussion focused on the Coindesk article, which cited an unknown source. Some of the traders commented on potential insider knowledge, as one account sold all ‘No’ shares just minutes before the publication.  There are also rumors of having a fake email to sway the market and benefit from trading ‘Yes’ and ‘No’ tokens even without a resolution. According to others, the original email came from Hussein Lalani through a yeezy.com email address. The message was sent to CoinDesk with no solicitation, and the publication released it immediately, not honoring the required embargo. This led to an immediate reaction in the betting market, though traders still cited uncertainty. According to CoinDesk, the document was authentic.  Kanye West, who has been blocked from using Shopify for his brand, is switching to Yeezy.com. The site itself…

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Filed under: News - @ February 21, 2025 11:24 am