France’s gambling regulator, the Autorité Nationale des Jeux (ANJ), ordered internet service providers to block Polymarket on July 16, treating the prediction market as an illegal gambling site rather than a financial trading venue. The ANJ said earlier restrictions had failed to keep French users off the platform. Polymarket drew 578,751 visits from 205,057 unique […]
The lack of an ethics provision remains one of the biggest sticking points. Sen. Ruben Gallego (D-Ariz.), one of two Democrats who voted to advance the bill out of the Senate Banking Committee, has repeatedly said he will not support the legislation on the Senate floor without a bipartisan ethics provision. Other Democrats have raised […]
Polymarket has started a campaign to persuade policymakers, regulators and potential users that it is trustworthy, the Associated Press reported on Wednesday. According to the AP, Polymarket is working with social media influencers to produce viral marketing on TikTok and other platforms and has signed partnership agreements with major sports teams and Major League Baseball […]
A Google security engineer, Michele Spagnuolo, was arrested and charged over alleged insider trading by placing bets on Polymarket about what Google users were searching, U.S. officials alleged on Wednesday. According to a complaint unsealed by the U.S. Attorney’s Office for the Southern District of New York, Spagnuolo used “material nonpublic information” to place bets […]
Blockchain investigator ZachXBT has highlighted a suspected security breach involving Polymarket, the world’s largest decentralized prediction market platform. Over $520,000 was reportedly drained from two smart contracts on the Polygon blockchain, according to on-chain data shared by ZachXBT. The affected addresses are 0x871D7c0f9E19001fC01E04e6cdFa7fA20f929082 and 0x91430CaD2d3975766499717fA0D66A78D814E5c5, with funds allegedly sent to attacker address 0x8F98075db5d6C620e8D420A8c516E2F2059d9B91. Polymarket developers […]
Prediction markets have a consistent line: their products are financial instruments, not bets. Wisconsin isn’t buying it, and in a new complaint targeting Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com, the state is citing the companies’ own marketing to call them unlicensed gambling venues. “Thinly disguising unlawful conduct doesn’t make it lawful,” Attorney General Josh Kaul […]
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), said it added another $600 million to its investment in prediction market platform Polymarket, closing out a previously announced funding agreement between the two firms. The new capital comes on top of a $1 billion investment ICE made in October. ICE also […]
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction markets platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain recordkeeping demands as long as they meet other specified requirements, and that the companies might be able to clear contracts through a […]
Until the final hours of the Netherlands’ Oct. 29 election, Polymarket traders were convinced Geert Wilders’ nationalist Partij voor de Vrijheid (Party for Freedom) would cruise to victory. The market barely budged as Rob Jetten’s social liberal Democraten 66 (Democrats 66) climbed in every major poll. Then, within minutes of the first exit poll, D66 […]
Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory. From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. […]
Newly elected Canadian Prime Minister Mark Carney, who recently won a leadership contest of the Liberal Party to replace Justin Trudeau, has dramatically increased his odds of winning the next federal election in the eyes of Polymarket bettors. (Polymarket) Carney now has a 49% chance of winning the next Canadian election, compared to 26% a […]
There’s a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic, as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation. (Polymarket) On Tuesday morning, Canada and Mexico faced the implementation […]