{"id":96863,"date":"2026-05-29T15:33:03","date_gmt":"2026-05-29T15:33:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=96863"},"modified":"2026-05-29T15:33:03","modified_gmt":"2026-05-29T15:33:03","slug":"everythings-a-casino-now-says-analyst-as-prediction-markets-drain-liquidity-from-altcoins","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=96863","title":{"rendered":"&#8216;Everything&#8217;s A Casino Now,&#8217; Says Analyst As Prediction Markets Drain Liquidity From Altcoins"},"content":{"rendered":"<div>\n<p>Prominent <strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) advocate <strong>Scott Melker <\/strong>warned that prediction markets, tokenized equities and pre-IPO perpetuals may be pulling speculative capital away from altcoins, leaving much of the sector trapped in a prolonged bear market.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Why Altcoins Are Losing Attention<\/strong><\/h2>\n<p>&#8220;Everything&#8217;s a casino now,&#8221; Melker <a href=\"https:\/\/www.youtube.com\/watch?v=fycHlwk_r-A\">said<\/a> during an interview on CoinDesk&#8217;s Markets Outlook on Thursday.<\/p>\n<p>According to Melker, crypto&#8217;s original appeal was simple, it was the only 24\/7 global speculation venue available to retail traders.<\/p>\n<p>Now, traders can gamble on nearly everything from oil to elections to SpaceX IPO pricing without leaving crypto-native platforms.<\/p>\n<p>Melker compared the early &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52876993\/everythings-a-casino-now-says-analyst-as-prediction-markets-drain-liquidity-from-altcoins?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"'Everything's\" a casino now says analyst as prediction markets drain liquidity from altcoins>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prominent Bitcoin (CRYPTO: BTC) advocate Scott Melker warned that prediction markets, tokenized equities and pre-IPO perpetuals may be pulling speculative capital away from altcoins, leaving much of the sector trapped in a prolonged bear market. Why Altcoins Are Losing Attention &#8220;Everything&#8217;s a casino now,&#8221; Melker said during an interview on CoinDesk&#8217;s Markets Outlook on Thursday. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-96863","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96863"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96863\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}