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#polymarket
133 stories
Polymarket Initiates U.S. Marketing Campaign Post-Ban
Polymarket embarks on a marketing strategy to restore its reputation in the U.S. after a four-year ban, according to a report by CoinDesk. The platform aims to attract users and regulators by leveraging influencer marketing and partnerships with major sports organizations and news outlets.
yesterday·CoinDesk·Reported by Olivier Acuna
Traders Sue Polymarket Over Market Ruling on Bitcoin Sale
Two traders have filed a lawsuit against Polymarket, alleging the platform retroactively changed market rules regarding a Bitcoin sale by Strategy. The suit claims that Polymarket declared their winning 'Yes' bets as losses despite Strategy having sold Bitcoin during the relevant timeframe, according to Decrypt.
2 days ago·Decrypt·Reported by Decrypt Agent
U.S. Wallets Gamble $571 Million on Polymarket Despite Regulatory Ban
According to CoinDesk, U.S.-linked wallets traded about $571 million in political contracts on Polymarket over the past year, surpassing any other country despite the platform's ban on serving U.S. users. The data indicates a preference for betting on geopolitical events and foreign conflicts that regulated U.S. venues do not typically offer.
4 days ago·CoinDesk·Reported by Shaurya Malwa
Galaxy Cuts CLARITY Act Passage Odds to 50% Amid Senate Time Crunch
Galaxy Digital has lowered its odds of the CLARITY Act passing in 2026 to 50%, down from 60% earlier this month, according to Decrypt. This reduction comes as the Senate runs out of time before its August recess, facing competing legislative priorities.
last week·Decrypt·Reported by Decrypt Agent
Kalshi and Polymarket May Face M&A Pressure as Prediction Markets Consolidate
Wall Street broker Bernstein suggests that Kalshi and Polymarket could become targets for mergers and acquisitions due to ongoing consolidation in the prediction market ecosystem. The broker emphasizes that companies integrating consumer distribution with exchange infrastructure are increasing competitive pressure, potentially leading to strategic deals, as reported by CoinDesk.
last week·CoinDesk·Reported by Will Canny
Polymarket Hack Estimated Losses Reach $3.1 Million Amid Ongoing Investigation
Hackers have stolen approximately $3.1 million in Polymarket's PUSD token from 11 wallets, prompting the platform to promise full refunds to affected users, according to CoinDesk. The attack, linked to a compromised third-party vendor, is part of a broader investigation into the platform's marketing practices.
2 weeks ago·CoinDesk·Reported by Olivier Acuna
Senators Question CFTC Over Alleged Deceptive Practices by Polymarket
Senators Adam Schiff and John Curtis demand answers from the CFTC regarding alleged deceptive advertising by Polymarket, as reported by Decrypt. They express concerns over the agency's enforcement of consumer protections and potential illegal gambling operations associated with prediction markets.
2 weeks ago·Decrypt·Reported by Logan Hitchcock
Kalshi Expands Reach with FIFA World Cup Partnership Amid Record Prediction Market Trading
Kalshi has announced a partnership with ADI Predictstreet, enhancing its visibility during the FIFA World Cup as trading volumes across prediction markets surge. Last week, weekly trading volumes reached $14.5 billion, with Kalshi capturing a significant share of sports wagers, according to Decrypt.
2 weeks ago·Decrypt·Reported by André Beganski
Polymarket to Refund Users Following $3 Million Cybersecurity Breach
Polymarket confirms it will refund affected users after hackers exploited a vulnerability, stealing about $3 million in cryptocurrency. The platform suffered two security incidents within two months, according to a report by Decrypt.
2 weeks ago·Decrypt·Reported by Sander Lutz
Kalshi Seeks $40 Billion Valuation as It Competes with Polymarket
Kalshi is aiming for a $40 billion valuation in a new funding round, nearly doubling its previous valuation of $22 billion, according to a report by Financial Times. This effort could bolster its lead over rival Polymarket, which seeks funding at a $15 billion valuation, as both platforms dominate the prediction markets sector.
2 weeks ago·CoinDesk·Reported by Helene Braun
Cboe Returns to S&P 500 Binary Options, Competing with Prediction Markets
Cboe is reintroducing binary options for the S&P 500, a betting structure it last offered over a decade ago. This move aligns with growing mainstream interest in prediction markets seen on platforms like Polymarket and Kalshi, according to CoinDesk.
2 weeks ago·CoinDesk·Reported by Shaurya Malwa
Meta Develops Prediction Market App Arena Amid Market Growth
Meta is creating an experimental prediction market app called Arena, which enables users to forecast outcomes using a points system instead of cash bets, according to the New York Times. The project comes as interest in prediction markets surges and may face regulatory scrutiny over its gambling implications.
2 weeks ago·CoinDesk·Reported by Helene Braun
Fake Bets Accused of Pumping Polymarket Hype, WSJ Reports
A Wall Street Journal investigation reveals that approximately $1.9 million in bets on Polymarket were faked by college-age creators promoting the platform. The report highlights that many of these videos misrepresented actual wagers, raising concerns about the legitimacy of promotional activities surrounding prediction markets.
2 weeks ago·Decrypt·Reported by Decrypt Agent
House Republican Introduces Bill to Ban Lawmaker Bets on Prediction Markets
On June 19, 2026, Representative Bryan Steil introduced the Stop Lawmakers from Predicting Act, aimed at restricting members of Congress from wagering on prediction markets related to policy and elections, according to Decrypt. This legislation seeks to prevent insider trading by lawmakers and their families by prohibiting them from profiting off privileged information.
3 weeks ago·Decrypt·Reported by Decrypt Agent
Schwab Launches S&P 500 Prediction Markets with New Options Contracts
Charles Schwab will partner with Cboe Global Markets to introduce yes-or-no options contracts on the S&P 500, marking its first entry into prediction markets, according to the Wall Street Journal. The binary options will allow customers to wager on the index's performance, with anticipated rollout in the coming months.
3 weeks ago·CoinDesk·Reported by Helene Braun
Kentucky Accuses Kalshi and Polymarket of Illegal Sports Betting
Kentucky has filed a lawsuit against prediction market platforms Kalshi and Polymarket, alleging they are operating illegal sports betting services. The state’s attorney general argues that these platforms are circumventing gambling regulations, a claim the platforms dispute by citing federal oversight from the Commodity Futures Trading Commission (CFTC), according to Decrypt.
3 weeks ago·Decrypt·Reported by Sander Lutz
Traders Grow More Bearish on Bitcoin and Ethereum as Prices Decline
Traders on prediction markets become increasingly bearish on Bitcoin and Ethereum following a Federal Reserve meeting, causing both cryptocurrencies to drop about 5%. As price expectations shift, traders anticipate further declines, with Bitcoin potentially falling to $55,000 and Ethereum to $1,500, according to Decrypt.
3 weeks ago·Decrypt·Reported by Logan Hitchcock
Michigan Judge Rules Sports Prediction Markets Outside CFTC Authority
A Michigan federal judge has ruled that sports prediction markets, specifically those operated by Polymarket, are not regulated as swaps under the Commodity Futures Trading Commission's jurisdiction. The ruling, which favors state regulators, dismisses Polymarket's claims and advances the case to the Sixth Circuit Court of Appeals, according to Decrypt.
3 weeks ago·Decrypt·Reported by Sander Lutz
