Business
August 5, 2026
Rumors Say Polymarket Is Looking for a $20B Valuation in New Financing Round
Leading prediction market operator Polymarket is allegedly looking to raise fresh capital at a valuation of $20 billion, a substantial increase from the company’s spring $15 billion valuation. Polymarket Is Allegedly Eyeing a New $20B Valuation The news comes from sources close to Bloomberg and follows a previous funding round in April, which saw the […]
Prediction Markets
August 5, 2026
Special Forces Soldier Seeks Dismissal of Polymarket Insider Case
A US special forces soldier accused of using classified military intelligence to profit from prediction market trades is asking a federal court to dismiss the charges, saying prosecutors are trying to criminalize conduct that is not prohibited under existing law. He Earned Over $409,000 Master Sgt. Gannon Ken Van Dyke was indicted in April on […]
Prediction Markets
August 3, 2026
South Carolina Lawyer Targets DraftKings, Polymarket in Gambling Lawsuit
A retired attorney and professor in South Carolina, Jame M. Hughes, represented by Motley Rice, has filed a complaint last week against Polymarket and DraftKings Predictions. The complaint stipulates that the companies have breached local gambling laws and offered games of chance without a formal authorization to do so. Prediction Markets Targeted Once Again – […]
Prediction Markets
July 29, 2026
Fanatics Lead RG Criticizes Kalshi and Polymarket, Likens Them to Unlicensed Gambling
Prediction markets companies, such as Kalshi and Polymarket, have been criticized for a long time by various regulators, jurisdictions, and non-profit organizations alike. However, it seems that even other companies are after the prediction markets giants, as Anthony D’Angelo, head of responsible gaming at Fanatics Betting and Gaming, criticized the seeming lack of regulation of […]
Prediction Markets
July 22, 2026
Polymarket Gets Blocked in Ireland, as European Crackdown Continues
Polymarket continues to face pushback across key European jurisdictions after the Gambling Regulatory Authority of Ireland became the latest watchdog to order the geoblocking of the prediction market platform. This comes shortly after the French Gambling Authority issued a similar request, blocking Polymarket over what it cited as risks to consumer safety and a lack […]
Prediction Markets
July 20, 2026
France Orders ISPs to Block Access to Polymarket
France continues to maintain a strong stance on prediction market platforms, with the country’s gambling regulator, the Autorité Nationale des Jeux (ANJ), ordering Internet Service Providers (ISPs) in the country to block access to Polymarket specifically. France Steps Up Against Polymarket – Orders Ban Across Entire Territory In a statement released on Friday, the ANJ […]
Prediction Markets
July 8, 2026
Polymarket Sued Over Alleged $6.5M “Bait-and-Switch” Scam
Two Polymarket traders have filed a bold lawsuit against the giant prediction market platform, alleging that a last-minute change to the contract rules cost them hundreds of thousands of dollars on a bet tied to a Bitcoin sale. The Bitcoin Sale Deadline The New York-filed lawsuit focuses on a Polymarket contract asking whether Strategy, the […]
Prediction Markets
June 19, 2026
Kentucky Sues VGW, Kalshi, and Polymarket Over Illegal Gambling
Kentucky Attorney General Russell Coleman has intensified the state’s crackdown on unlicensed gambling by filing lawsuits against online sweepstakes casino operator VGW and prediction market platforms Kalshi and Polymarket. Three Lawsuits According to a statement from the Attorney General’s Office, three separate lawsuits have been filed. One of them targets Kalshi and several affiliated companies, […]
Legal
June 18, 2026
Michigan Scores Early Court Win Over Polymarket
In a sharply worded decision, US District Judge Paul L. Maloney refused to stop Michigan regulators from enforcing state gambling laws against prediction platform Polymarket. The company had asked for a preliminary injunction, saying its sports-related contracts are federally regulated as financial derivatives. The court was not persuaded despite Polymarket’s insistence that it was regulated […]
Prediction Markets
June 17, 2026
Cape Verde’s World Cup Shock Earns Polymarket Trader $4.7 Million
Cape Verde’s remarkable 0-0 draw against reigning world champions Spain at the 2026 FIFA World Cup has undoubtedly turned into the talk of the tournament, both on and off the pitch. While the result sparked celebrations across the small island nation, it also produced dramatic outcomes in the world of prediction markets. 10x Win on […]