Polymarket

Polymarket tries to show it can play by the rules

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Four years after Polymarket paid $1.4 million to settle with U.S. regulators and barred bets from American users, the explosive case against a soldier charged with trading on classified information is offering the prediction market a chance to come in from the cold. Subscribe to read this story ad-free Get unlimited access to ad-free articles … Read more

Latest news on Polymarket bets linked to Nicolás Maduro’s capture

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Latest news on Polymarket bets linked to Nicolás Maduro’s capture – CBS News Watch CBS News A U.S. special forces soldier was arrested and charged for allegedly placing bets on Polymarket with information preceding the public announcement of Nicolás Maduro’s removal from Venezuela. CBS News’ Nicole Sganga reports. Source link

Well-timed bets on Polymarket tied to Iran war draw calls for investigations

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NEW YORK — Calls are increasing inside Congress for investigations into the prediction market platform Polymarket after the latest instance where groups of anonymous traders made strategic, well-timed bets on a major geopolitical event hours before it occurred. On Wednesday, The Associated Press reported that at least 50 brand new accounts on Polymarket placed substantial … Read more

Polymarket apologizes for allowing wagers on fate of U.S. pilots downed in Iran

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Prediction market platform Polymarket issued an apology Friday after allowing users to place bets on the fate of American pilots aboard a U.S. fighter jet downed over Iran. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A two-seater F-15E Strike Eagle was shot down over Iran on Friday, … Read more

Polymarket buckles down on insider trading after scrutiny over suspiciously timed bets

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Polymarket is moving to quash insider trading as prediction markets face scrutiny over whether some users draw on classified or other closely held information to gain an edge in betting on events.  The New York-based company said Monday that it has updated its rules to prohibit trades based on “stolen confidential information” or illegal tips. … Read more

Utah’s anti-gambling tradition meets Kalshi and Polymarket in a new legal fight

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SALT LAKE CITY — For more than a century, Utah has kept gambling almost entirely out of the state. There are no casinos, no lotteries and no racetracks that allow bets, a prohibition rooted in the conservative ideals of The Church of Jesus Christ of Latter-day Saints, which views gambling as a vice that leads … Read more