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Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Launched in 2020, it offers a platform where investors can place bets on various future events, including economic indicators , weather patterns, awards, as well as political and legislative outcomes.
Polymarket declined to comment for this story, but a person familiar with the company said it was unlikely the court ruling would result in any sites offering bets in the U.S. on the presidential ...
The increased scrutiny of Polymarket comes after a trader revealed to be a French national bet $30 million on a win for Trump on the platform. The "whale" saw about $48 million in profits on the ...
Since then, the 2024 election catapulted Polymarket into prominence when its users correctly predicted Donald Trump’s victory, and a gutsy legal gambit from its competitor, Kalshi, paved the way ...
Polymarket: polymarket.com Predictive crypto gambling site Unlawful gambling Gambling Control Act December 2024 [18] [19] Media coverage.
The FBI searched the New York City home of Polymarket founder Shayne Coplan as part of a criminal investigation into the election betting platform, law enforcement sources told ABC News. The ...
Polymarket agreed to block access in the US after reaching a settlement with the Commodity Futures Trading Commission and paying a $1.4 million penalty in early 2022.
The legal situation is still developing. ... Polymarket declined to comment for this story, noting only that Coplan has also appeared at recent events for Democrats, including one with vice ...