All articles tagged with #polymarket
Originally Published 1 day ago — by AP News
An anonymous trader earned over $400,000 on Polymarket by betting Maduro would be ousted, just hours before a nighttime raid was announced, fueling scrutiny of insider trading risks in 24/7 prediction markets. The piece explains how these markets work, their volatile yet growing use, and the regulatory landscape in the U.S. with competitors like Kalshi and calls for tighter rules.
Originally Published 7 days ago — by Yahoo
There is strong evidence suggesting that an anonymous user on Polymarket profited significantly by placing bets based on inside information about the US invasion of Venezuela, raising concerns about insider trading and manipulation in prediction markets related to sensitive political and military events.
Originally Published 7 days ago — by Futurism
There is strong evidence suggesting that an anonymous user on Polymarket profited significantly by betting on the Venezuelan invasion, possibly using insider information related to the Trump administration's plans, raising concerns about the legality and ethics of prediction markets and their potential for manipulation.
Originally Published 9 days ago — by Gizmodo
A new Polymarket account placed a $30,000 bet on Nicolás Maduro's fall, and shortly after, Maduro was ousted and evacuated by the U.S. military, leading to the account reportedly earning over $436,000 from the event, highlighting potential market manipulation or insider information in political betting markets.
Originally Published 9 days ago — by The Verge
An account on Polymarket made a significant profit by betting on Maduro's capture just before a US military attack on Venezuela, raising suspicions of insider trading and inside information, with some experts noting that such trading is often encouraged on prediction markets.
Originally Published 1 month ago — by CBS News
Polymarket, a cryptocurrency-based prediction market led by CEO Shayne Coplan, claims to be the most accurate source for predicting real-world events, with a history of outperforming experts in forecasts such as the 2024 US presidential election. The platform allows users to bet on outcomes across various categories, providing valuable insights and attracting significant investment, including a recent $2 billion from the NYSE owner. Despite regulatory challenges and legal issues, Polymarket aims to expand its user base globally and become a major tool for forecasting future events.
Originally Published 1 month ago — by CBS News
Polymarket, founded by college dropout Shayne Coplan, is a prediction market platform that allows users to bet on various current events, including elections and cultural phenomena. It has gained significant backing, including from the NYSE, and is valued at $9 billion, with plans to reach a billion users. Despite regulatory challenges and criticism, it leverages crowd wisdom to predict outcomes more accurately than traditional polls.
Originally Published 2 months ago — by ESPN
The NHL has signed multiyear deals with prediction market companies Kalshi and Polymarket, marking the first such agreements between a major U.S. sports league and prediction markets, which operate across all states and allow trading on event outcomes, including sports. The partnership aims to integrate prediction markets into the sports ecosystem, despite regulatory and integrity concerns raised by some industry groups.
Originally Published 2 months ago — by NHL.com
The NHL has announced multiyear partnerships with Kalshi and Polymarket, making them official prediction market partners, providing brand exposure and access to NHL data, signaling growth and acceptance of prediction markets in sports fan engagement.
Originally Published 3 months ago — by Bloomberg.com
Norwegian officials are investigating a potential leak of the Nobel Peace Prize winner after online betting on Polymarket surged for Venezuelan opposition leader Maria Corina Machado, suggesting insider information was leaked before the official announcement, leading to a probe into possible criminal activity and market manipulation.
Originally Published 3 months ago — by Forbes
Polymarket, a blockchain-based prediction platform founded by 27-year-old Shayne Coplan, has received a $2 billion investment from NYSE parent ICE, valuing the company at $9 billion and making Coplan the world's youngest self-made billionaire. The funding, along with previous rounds, has propelled Polymarket into crypto's fastest-growing startup, despite regulatory challenges and investigations. The partnership with ICE aims to integrate prediction markets into mainstream finance, potentially launching a Polymarket token to enhance liquidity and participation.
Originally Published 3 months ago — by Investor's Business Daily
Intercontinental Exchange, owner of the NYSE, plans to invest $2 billion in prediction market platform Polymarket, valuing it between $8 billion and $10 billion, leading to declines in stocks of competitors DraftKings and Flutter Entertainment. The move signifies growing institutional interest in crypto-based prediction markets, despite regulatory challenges in the U.S.
Originally Published 3 months ago — by Financial Times
The NYSE parent company plans to invest up to $2 billion in Polymarket, a prediction platform, indicating a significant move into the digital prediction market space.
Originally Published 3 months ago — by Intercontinental Exchange
Intercontinental Exchange (ICE) announced a strategic investment of up to $2 billion in Polymarket, a prediction market platform, valuing it at approximately $8 billion pre-investment. ICE will also distribute Polymarket’s data globally to institutional investors and collaborate on future tokenization initiatives, aiming to integrate prediction markets into mainstream finance.
Originally Published 3 months ago — by CNBC
Intercontinental Exchange (ICE) has taken a $2 billion stake in prediction markets platform Polymarket, valuing the company at around $8 billion, signaling growing mainstream acceptance of prediction markets and potential industry expansion by 2030.