Polymarket suspends trading after third-party breach leads to user losses
Polymarket said one of its third-party providers was breached after users reported seeing their accounts drained.
Polymarket
Polymarket brings ultra-short crypto prediction markets to U.S. platform
Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms.
NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks
The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.
Polymarket has reportedly fired its marketing chief, also a close friend of the CEO
Matthew Modabber was reportedly ousted after an internal probe of several instances of misconduct, according to the New York Post.
Prediction markets price in Man City’s Champions League odds despite scandal
Despite the September 25 ruling finding the Manchester City football – or soccer – club guilty of 114 out of … Continue reading
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New York sues Polymarket, alleging it is running an illegal gambling operation
The state wants to block Polymarket from operating without a gambling license and recover allegedly illegal gains.
U.S. regulator warns about cheating risks in ‘mention markets’ on prediction platforms
The Commodity Futures Trading Commission issued a new advisory to flag the unique dangers of markets based on individuals’ behavior.
These Polymarket traders could face steep losses in October
By Wednesday, September 16, a relatively obscure political prediction market on Polymarket highlighted the risks of entering a position too … Continue reading
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Clarity Act odds surge on prediction markets, but crypto bill still faces long road
Kalshi and Polymarket bettors sharply raised the chances of U.S. crypto market structure legislation advancing, with Tuesday’s Senate vote the next test.
Polymarket bets on U.S. marketing blitz to win back trust after 4-year ban: Report
The prediction market’s head of U.S. operations says the business is taking steps to legitimize itself after years of legal scrutiny.