Polymarket's $48M Trump Bet Sparks Regulatory Scrutiny
Polymarket, a cryptocurrency-based betting platform, plans to re-enter the U.S. market after accurately predicting the presidential election outcome. CEO Shayne Coplan emphasized the importance of legalizing political prediction markets in the U.S. and expressed readiness for aggressive expansion. Previously, Polymarket faced a $1.4 million penalty and a cease-and-desist order from the CFTC, restricting U.S. access. The move follows a trend of platforms like Kalshi and Robinhood entering the U.S. prediction market space.
