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Industry
December 17, 2024
Justin Trudeau Eyes Resignation, Betting Markets Available
Justin Trudeau is rumored to be considering an exit as leader of the Liberal Party. According to reports, this consideration was prompted by the recent resignation of Chrystia Freeland as finance minister. Freeland Quit as Finance Minister The Canadian PM reportedly told Freeland that he doesn’t want her as a finance minister, offering her another […]
Industry
December 10, 2024
Polymarket Releases Betting on UnitedHealthcare CEO Killer’s Arrest
The murder of UnitedHealthcare CEO Brian Thompson is certainly one of the most talked-about events right now. While many were shaken by the brutal killing, fearing that it highlighted increasing lawlessness, there were also some people online who actually showed sympathy for the killer. For Polymarket, it’s business as usual. Mangione Is Believed to Be […]
Legal
November 25, 2024
Polymarket Restricts French Users Following ANJ Probe
Polymarket, a leading crypto-based real-world event prediction platform, has taken steps to block French users in response to an investigation by France’s National Gaming Authority (ANJ) into its compliance with the country’s gambling laws. The platform, which allows users to bet on political, sports, and other events, has faced ever-increasing scrutiny, including in the USA. […]
Legal
November 14, 2024
FBI Raids Polymarket CEO’s Home amid Illegal Betting Investigation
In a dramatic early morning operation, federal agents raided the New York apartment of Polymarket CEO Shayne Coplan, seizing his phone and electronic devices. The raid happened at 6 am on Wednesday, as Coplan, 26, was awakened by FBI agents who demanded he surrender his electronics. Though Coplan wasn’t arrested, such action further strains Polymarket’s […]
Industry
November 7, 2024
ANJ Could Hit Polymarket with Ban Over Gambling Concerns
Popular prediction market platform Polymarket could be facing a potential ban in France amid gambling concerns. L’Autorité Nationale des Jeux (ANJ), France’s National Gambling Authority, which is responsible for regulating all forms of gambling within the country, has also raised legal concerns over Polymarket as significant bets on political outcomes have put the platform under […]
Business
September 25, 2024
Polymarket Seeks $50M in Funding, Plans to Launch In-House Crypto Token
Crypto betting specialist Polymarket is reportedly seeking additional funding ahead of the US presidential election. The report further suggests that the company is considering launching its own crypto token. Polymarket Seeks to Enhance Its Business Ahead of the Election According to The Information, a technology news outlet, Polymarket hopes to acquire some $50 million in […]
Blockchain
August 26, 2024
Vitalik Buterin Says Polymarket Isn’t Gambling Amid DeFi Discussion
Vitalik Buterin, Ethereum’s co-founder, has opposed the claims that Polymarket constitutes gambling. According to the blockchain expert, this belief marks a significant misunderstanding of the nature of prediction markets. Polymarket Is Not Gambling, Buterin Says Polymarket, for context, is the world’s largest prediction market, offering trading markets on the world’s most hotly debated topics, including […]
Industry
August 2, 2024
Betting Frenzy Surrounding US Presidential Race Reaches New Heights
The US presidential election is turning out to be a goldmine for bookmakers worldwide, with estimates suggesting that roughly $1 billion has been wagered on the outcome despite several months remaining before Election Day. The twists and turns surrounding the 2024 presidential debate have only fueled the fire, creating many exciting betting opportunities. Wagering Platforms […]
Blockchain
June 18, 2024
Gambler Charged for Betting on Taiwan Election via Crypto Site
A man in Taiwan has been accused of allegedly using a crypto betting site to wager on this year’s elections. According to prosecutors from the Shilin District Prosecutor’s Office, a man with the surname “Chen” used the Polymarket platform to wager on the result of the elections that ended on June 13. The same Prosecutor’s […]
Business
May 15, 2024
Polymarket Closes Another Round, Sees Funding Surpass $70 Million
Polymarket is known as the world’s largest prediction market, which offers trading on highly debated topics, including politics, sports, crypto, current events and many others. The markets offered address a growing demand for wagers not only on popular sports events but real-world events. Such wagers are recognized across the United States as “event contracts.” Despite […]
