Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about insider trading.
Category: Polymarket (Adventure One QSS Inc)
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Betting on Prediction Markets Is Their Job. They Make Millions.
Welcome to the era of the Polymarket sharp.
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The Rise of Prediction Markets
Billions of dollars are trading hands on sites like Polymarket and Kalshi, where people bet on everything from Taylor Swift’s wedding date to election outcomes.
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Polymarket Won’t Pay Users Who Bet on a U.S. Invasion of Venezuela
Polymarket users bet on whether the U.S. would invade Venezuela, but the prediction market said the Venezuelan president’s capture did not constitute an invasion.
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Kalshi, a Prediction Market, Raises $1 Billion in New Round
The fund-raising effort, the company’s third this year, values it at $11 billion, and comes amid stiff competition in the increasingly popular industry.
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Stock Exchange Parent to Take Big Stake in Polymarket
The $2 billion deal values the crypto-powered betting site, where users can wager on politics, sports and more, at about $8 billion.
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Federal Prosecutors Close Inquiry Into Polymarket Betting Website
The site became prominent last year when people bet on the outcome of the 2024 presidential election.
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F.B.I. Searches Home of Shayne Coplan, Polymarket Founder
The search involving Shayne Coplan, the founder of Polymarket, known for its presidential election odds, was part of a criminal investigation, three people said.
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Political Betting Markets See Vindication in Trump Victory
Prediction markets, which surged to prominence during the presidential campaign, started reflecting a likely Trump win several weeks ago, even as opinion polls showed a tight race.
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Betting Markets Favor Trump. But Their Record of Accuracy Is Mixed.
Proponents believe that having real money on the line, and a large crowd of investors, encourages a more accurate election forecast than polling data can provide.