Polymarket

South Korea has joined a group of jurisdictions that restrict access to Polymarket. This latest inclusion means that more than 30 jurisdictions now have restrictions regarding the platform.

South Korea plans to block Polymarket over concerns regarding illegal gambling. The Korea Media and Communications Commission stated that Polymarket's structure and operations amount to illegal gambling, even though the platform uses noncustodial design and smart contracts.

Speculation about a presidential run by Rep. Alexandria Ocasio-Cortez in 2028 is currently rising. AOC leads the field for the Democratic presidential nomination on two betting markets, Kalshi and Polymarket.

JPMorgan severed its banking ties with Polymarket in October. Despite this professional separation, JPMorgan intends to maintain an interest by pursuing a role within Polymarket's potential Initial Public Offering.

JPMorgan Chase reportedly cut banking ties with Polymarket in October 2025 due to regulatory concerns. However, JPMorgan indicated that it remains open to an underwriting role should the platform eventually go public.

JPMorgan ended its banking relationship with predictions platform Polymarket. The news of this development was reported by Financial Times (FT).

JPMorgan debanked Polymarket over regulatory concerns. However, the largest US bank has continued to cultivate ties with the prediction platform as it seeks a $20bn valuation.

Farage aide Cottrell was found to have maintained a secret Polymarket account. This account reportedly placed bets regarding Trump victory, and large sums of money involved are shining light on his financial activities.

Prediction market platforms Polymarket and Kalshi experienced a setback after Francesca Hong lost the Wisconsin governor’s primary to David Crowley, despite both markets giving her high probabilities of winning. In reaction to the surprise result, Polymarket deleted a boastful prediction post, while Kalshi argued that low assigned probabilities still represented an available chance. This event emphasizes that these market platforms are forecasting tools and not foolproof predictors.

Polymarket allowed users to bet on wildfires, leading lawmakers to warn that such activity could potentially spur arson. Senator Jeff Merkley stated strongly against the practice, declaring that one never wants to encourage starting a fire.

A federal judge ruled that Utah can enforce its anti-gambling laws on prediction markets such as Kalshi, rejecting the company's request to block state restrictions. The ruling affirmed that Utah's ability to regulate these platforms under state law, which bans proposition betting in sports, is not prevented by existing federal law. Although Kalshi plans to appeal, the decision represents a victory for states attempting to curb the popularity of prediction markets.

A federal judge rejected Kalshi’s request, ruling that Utah can enforce its anti-gambling laws on prediction markets like Kalshi and Polymarket. The decision addresses the ongoing conflict between states and the federal government over whether these betting platforms fall under finance regulation or state gambling law. State law in Utah already bans proposition betting, a key source of revenue for leading prediction markets.

A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets like Kalshi and Polymarket, rejecting a request from Kalshi to block the restrictions. The ruling allows state law banning proposition betting, which is a key revenue source for these platforms, to remain in effect despite ongoing legal battles over regulation.

Polymarket is seeking to raise capital at a valuation exceeding $20 billion, following a recent investment round that included contributions from D.E. Shaw & Co. The information was shared by Bloomberg's Todd Gillespie on 'Bloomberg Deals.'

US senators from Oregon, California, Nevada, Minnesota, and New Hampshire wrote to the Commodity Futures Trading Commission (CFTC) to inquire about actions against prediction markets allowing bets on wildfires. The letter criticizes platforms like Polymarket and an unnamed site offering simulated bets on California wildfires, arguing such markets prioritize profit over community suffering.

Polymarket is aiming for a $20 billion valuation as competition intensifies in the prediction market sector. The company's focus highlights growing interest in this financial and data-driven industry.

Polymarket is seeking a new funding round at a $20 billion-plus valuation, aiming to raise about $1 billion. This follows a $15 billion funding round the company closed in April.

Polymarket is in talks for a fundraising round with a valuation exceeding $20 billion. The company previously reported annualized revenue well above $1 billion.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they undermine state gambling regulations. The platforms claim to be commodity markets regulated by the CFTC, but states have initiated legal actions and legislation, leading to heated debates and lawsuits. The Trump administration has also intervened, seeking to limit state oversight.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they bypass gambling regulations, particularly around sports betting. At a recent summit, legislators criticized the platforms, citing concerns over underage participation and lack of transparency, while Kalshi claimed it operates under federal commodity futures regulations.

Kalshi and Polymarket’s combined trading volume reached an all-time high in July, surpassing $50 billion. Polymarket US's volume increased by 54%, while the main Polymarket platform's volume decreased by 26% compared to June.

Online prediction markets Kalshi and Polymarket are facing scrutiny from state lawmakers who argue they bypass gambling regulations. Iowa Republican state Sen. Dan Dawson highlighted student use of Kalshi for illegal sports betting, leading to legal battles and calls for national regulation over state oversight.

A legal case involving the defunct crypto exchange FTX is progressing, a soldier is attempting to dismiss a lawsuit over a Polymarket bet, and a former congressman was ordered to pay $35,000 for manipulative trading activities.

Traders on prediction markets like Kalshi and Polymarket need more than just analyzing odds; they require speed and additional skills to gain an edge.

George Santos agreed to a $35,000 settlement with the federal Commodity Futures Trading Commission over suspicious Kalshi trades related to his attendance at President Donald Trump’s State of the Union address. The settlement includes a $17,500 fine, a three-year trading ban, and repayment of $17,000 in profits from the trades. Santos denied wrongdoing and stated he did not intend to deceive.

George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission over suspicious Kalshi trades linked to his attendance at President Donald Trump’s State of the Union. The settlement includes a $17,500 fine and a three-year trading ban, with Santos denying wrongdoing.

George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission over suspicious trades on Kalshi, a prediction marketplace, related to his attendance at President Donald Trump's State of the Union. The settlement includes $17,500 in earnings from unlawful trading and a three-year trading ban.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they bypass gambling regulations. Lawmakers at a state legislators' summit criticized the platforms, which claim they operate as commodity markets regulated by the Commodity Futures Trading Commission, not sports betting. Legal battles and legislation are emerging as states challenge these platforms' compliance with local laws.

The Trump administration launched the 'Freedom Haulers' campaign to assist veterans in obtaining civilian trucking licenses by waiving CDL road tests for qualified military drivers. U.S. labor costs increased moderately in Q2, with employers noting balanced market conditions. States and prediction market platforms like Kalshi and Polymarket are in legal disputes over regulatory classification and oversight of event-based contracts.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they bypass gambling regulations. States have initiated lawsuits and proposed legislation, while the platforms claim regulation should be handled nationally by the Commodity Futures Trading Commission. Kalshi preemptively sued Iowa's attorney general to block enforcement actions.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they circumvent gambling regulations. State legislators criticized the platforms at a summit in Chicago, while Kalshi claimed federal oversight by the Commodity Futures Trading Commission. Legal actions and regulatory conflicts have emerged as states and the Trump administration challenge jurisdiction over the markets.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they circumvent gambling regulations. The platforms claim they operate like commodity markets, but states are enacting legislation and lawsuits to enforce oversight, with the Trump administration opposing state regulation. A conflict over jurisdiction between states and the Commodity Futures Trading Commission has intensified, as 44 state attorneys general challenge the agency's authority.

The bosses of Polymarket and Kalshi are engaged in a bitter feud characterized by sex rumors, personal insults, and disputes over Donald Trump Jr.'s affection. The conflict is described as more vicious and petty than previously known.

A South Carolina lawyer is suing Polymarket and DraftKings, claiming they violate the state's 1912 sports betting ban by offering prediction markets as event contracts. The lawsuit, filed under a colonial-era law, accuses the companies of fueling gambling addiction and exploiting bettors through rigged systems. Similar past lawsuits against Kalshi and Robinhood were previously filed in the state.

Polymarket offers a $20 bonus for a $10 deposit using the promo code NYPMAX1 for MLB futures markets involving the Dodgers vs. Mariners game. The promotion is available for Major League Baseball (MLB) futures betting.

Minnesota Governor Tim Walz banned state employees from using insider information to trade on prediction markets like Kalshi and Polymarket via an executive order. The move follows a federal judge blocking a new Minnesota law targeting prediction markets, which Walz claims raises concerns about gambling addiction, public safety, and national security.

Polymarket has launched the Polymarket Institute to fund independent academic research on prediction markets, aiming to explore their role in forecasting and information discovery. The initiative, fully funded by Polymarket, includes a science fellowship offering grants to doctoral researchers, with workshops hosted in New York and remote participation options.

CME Group is launching single-stock futures for over 50 major US companies, offering leveraged cash-settled contracts tied to stock closing prices. FIA CEO Walt Lukken discusses the expansion of prediction markets like Kalshi and Polymarket and their regulatory implications.

Markets indicate skepticism about the longevity of a US-Iran ceasefire, with Polymarket data showing a 10% drop in odds for a 14-day cessation of hostilities. Traders on Myriad predict peace talks will not occur until next month.

Betting platforms Kalshi and Polymarket are allowing users to wager on FDA drug approvals and clinical trial outcomes, sparking criticism from researchers, doctors, and patients over risks to scientific integrity and public trust. Critics argue prediction markets could influence trial behavior and enable insider trading, while Kalshi claims they offer valuable insights and have safeguards against insider participation.