NEW YORK — The online prediction platform Polymarket is ending its paid relationship with George Santos as federal regulators investigate whether the former congressman illegally bet against his own attendance at President Donald Trump’s State of the Union. Santos placed the bets on another prediction marketplace, Kalshi, after publicly announcing his intention to be at … Read more
Michele Spagnuolo, the Google engineer accused of using company data to bet on Polymarket, had a long list of enviable accomplishments Source link
A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits, the second insider trading prosecution against a user of the popular prediction market service in recent months. In court papers released by the Justice Department, Michele Spagnuolo was accused of … Read more
A Google software engineer was accused Wednesday of allegedly using confidential company information to make over $1.2 million on Polymarket, marking the second significant criminal case tied to trades on the prediction market platform. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Michele Spagnulo, a 36-year-old Italian citizen … Read more
Federal prosecutors allege a software engineer made more than $1 million using nonpublic information to bet on who would be the most-searched people of 2025. Source link
The House Oversight Committee said on Friday that it is opening an investigation into Kalshi and Polymaket over alleged incidents of insider trading by users of the prediction markets. Rep. James Comer of Kentucky, the panel’s chairman, sent letters to Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan requesting internal documents to determine what the companies … Read more
Polymarket launched a new set of prediction markets on Tuesday that allows users to trade on private company performance for the first time. The New York-based company said it is teaming up with Nasdaq Private Market, a secondary trading venue that provides data on non-public companies, to offer the new service. Customers will be able … Read more
Nine connected Polymarket accounts have raked in more than $2.4 million betting almost exclusively on U.S. military actions in what digital detectives from the data analytics firm Bubblemaps have identified as a potentially egregious case of insider trading. The anonymous accounts made winning bets on the specific dates of pivotal moments in the war with … Read more
Students discuss what kind of events should be traded on prediction markets. Source link
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