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
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
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
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 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
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