Polymarket

Polymarket, a crypto-native prediction market, now supports instant Bitcoin deposits via the Lightning Network using Spark's infrastructure. This update offers faster, more private transactions compared to previous on-chain methods, reducing wait times and fees. Spark handles validation and confirmation risks, enabling self-custodial deposits tied to user keys.

Traders are suing Polymarket over a post-event rule change that invalidated their 'Yes' bets on Strategy's Bitcoin sale. The plaintiffs claim the rule alteration caused their winning bets to become losses.

Two traders are suing Polymarket, alleging the platform incorrectly resolved a market as 'No' despite Strategy's SEC filing revealing it sold 32 BTC between May 26 and May 31. The plaintiffs claim the resolution was unjustified based on the disclosed transaction data.

Polymarket and Kalshi, prediction market platforms criticized for enabling financial risk-taking, are using free groceries as incentives to attract users in New York subway stations. The companies face scrutiny but are employing new strategies to expand their reach.

Polymarket offers a $50 trading bonus for World Cup markets when users deposit $20 using the promo code NYPMAX. The promotion is specifically for the United States vs. Belgium match.

Americans traded $571 million on Polymarket politic bets. This occurred despite a U.S. ban on such activities.

Polymarket offers a $50 trading bonus for World Cup markets with the promo code NYPMAX when users deposit $20. The promotion is specifically highlighted for the Canada vs. Morocco match.

Spotify requested Kalshi and Polymarket to remove its branding after 500,000 fake streams manipulated a $3 million music market. The fake streams were used to influence outcomes in music betting markets.

US users are bypassing geoblocks to bet on political markets on Polymarket's global platform. New data from Allium highlights this trend, showing the US dominates these activities despite restrictions.

Spotify requested Kalshi and Polymarket to remove its logo after users allegedly manipulated data on the platform to profit from prediction markets. The company deleted half a million streams from Malcolm Todd’s song following a surge in listens linked to suspicious wagers on Kalshi. French authorities also investigated a potential tampering of a weather device at Paris’ airport to win a Polymarket bet.

North Carolina's $34 billion budget passed the House and Senate with bipartisan support and moves to Gov. Josh Stein for approval. The budget includes a 23% tax on sports betting revenue and a 6% tax on prediction market trading sites, drawing criticism for potential revenue loss to UNC schools. Legislative delays caused a year-long gap in passing a comprehensive budget.

Polymarket is offering a $50 trading bonus for deposits of $20 using the promo code NYPMAX for markets related to the Belgium vs. Senegal game. The promotion is specifically tied to trading activities for this event.

Susquehanna Investment Group is seeking $70 million from 100 unnamed defendants it alleges engaged in insider trading ahead of China's crackdown on offshore brokers. The trades, primarily through Interactive Brokers, involved options that profited as shares of Nasdaq-listed brokers fell following a regulatory announcement by China's financial regulator.

A Reddit user was approached by a girl discussing a crypto investment site called Block HRT, which offers a 'seconds option function.' The user registered with their ID but hasn't invested, expressing concern due to the site's lack of searchable information. The girl demonstrated knowledge of crypto topics like polymarket and blockchain.

Polymarket offers a $50 bonus for new users who deposit $20 using the promo code NYPMAX ahead of the World Cup knockout match between Paraguay and Germany. Germany is heavily favored to advance in the tournament.

Polymarket offers a $50 trading bonus for users who deposit $20 and use the promo code NYPMAX ahead of the Panama vs. England World Cup match.

Polymarket experienced a hack with the stolen amount updated to $3.1 million. The platform had previously promised users full refunds following the incident.

The article discusses the possibility of a new best smart speaker, alongside the author's recent interests in topics like Polymarket, Jalen Brunson, the Arts and Crafts Movement, and entertainment such as the World Cup and The Bear. It also mentions a Stanley Kubrick collection and Hank Green's 4×3 game.

Senators John Curtis and Adam Schiff have called for the CFTC to investigate Polymarket due to allegations of deceptive marketing. They expressed concerns regarding the CFTC's ability to enforce regulations following a recent report on Polymarket's advertising practices.

The Commodity Futures Trading Commission has begun investigating Polymarket, a prediction market company associated with Donald Trump Jr. This action is described as a test for the key regulator.

U.S. lawmakers are urging federal regulators to investigate Polymarket over allegations of deceptive marketing involving staged trading videos. The platform is accused of using simulated environments in social media content to mislead viewers about real returns and platform activity. Lawmakers argue the campaign could misrepresent how prediction markets work and call for the Commodity Futures Trading Commission to examine potential violations of federal rules.

Senators are demanding answers from the CFTC regarding allegations of deceptive marketing by Polymarket. The inquiry focuses on claims that Polymarket engaged in misleading advertising practices.

Polymarket customers lost an estimated $3 million due to a supply-chain attack where hackers injected a malicious script into the platform's frontend via a third-party vendor breach. The company has committed to fully reimbursing affected customers.

Polymarket's annualized revenue exceeded $1 billion within six weeks of its U.S. launch. Daily trading volume on the platform increased from approximately $50 million in mid-May to over $200 million by June 20.

Polymarket's annualized revenue surpassed $1 billion six weeks after its U.S. exchange launch, driven by World Cup trading and the end of its U.S. waitlist. The prediction market platform is experiencing rapid growth due to these factors.

Denver's congressional race between Rep. Diana DeGette and challenger Melat Kiros has seen heavy spending from campaigns and outside groups, with prediction markets and polling indicating a tightening contest. Kiros, endorsed by U.S. Sen. Bernie Sanders, has gained momentum, while DeGette's supporters have spent over $2 million to attack her. Both candidates face claims of misinformation in their ads.

Polymarket experienced a $2.9 million theft due to a malicious script injected into its frontend. The company contained the breach, removed the affected dependency, and will refund users.

Kalshi filed a federal lawsuit in Illinois to block a new transaction tax on prediction markets, arguing the tax violates federal regulation and the Supremacy Clause. The company claims its event contracts are federally regulated and not gambling, while Illinois regulators have issued cease-and-desist letters to Kalshi and competitors.

Hackers infiltrated Polymarket’s website via a compromised third-party vendor, stealing millions in cryptocurrency from users. The company announced refunds for affected users.

Polymarket is investigating allegations from a Wall Street Journal report that it paid content creators to promote non-existent winning bets. Reporter Caitlin Ostroff discussed the story on 'The Takeout'.

Meta is developing a prediction market app, according to a report by the New York Times. The company aims to enter a market dominated by platforms like Kalshi and Polymarket, which allow users to bet on various events. CNET's Abrar Al-Heeti discussed the report on CBS News.

Kalshi aims for a $40 billion valuation and is expanding its lead over competitor Polymarket. The company's aggressive valuation target highlights its growing dominance in the market.

New Polymarket users can enter promo code NYPMAX at sign-up and deposit $20 to receive a $50 trading bonus instantly. The promotion is available for the Yankees vs. Tigers event.

Cboe revives S&P 500 binary options to enter a market popularized by platforms like Polymarket and Kalshi. The move positions Cboe to compete in a growing segment of speculative trading.

The boom in prediction markets is influencing U.S. elections, raising concerns about risks and regulation. Platforms like Kalshi and Polymarket process billions in trading volumes as users bet on political and global events.

Fintech company Slash reported an employee spent $80,000 in AI tokens coding a 'brainrot shooter game,' which the company now promotes as a potential marketing expense. The employee, Nicolas Brilliante, admitted it was an accident, and the incident highlights growing scrutiny of AI spending in companies like Uber, Coinbase, and Walmart.

Polymarket is auditing its promotional content after the Wall Street Journal reported that online creators were paid to produce fake videos showing collective winnings of $1.9 million from a prediction market. The company responded to CBS News about the investigation, and one of the article's authors, Neil Mehta, discussed the findings.

A Polymarket bet placed before news of U.S. strikes on Iran turned $87,000 into $553,000, raising concerns about potential insider information.

Polymarket's viral videos depicted individuals winning large sums, but the bets featured in these videos were fabricated. The article highlights the discrepancy between the promotional content and the actual legitimacy of the bets.

TurboFlow, a platform offering prediction markets and perpetual futures, has raised $6 million in seed funding led by Pantera Capital. The company aims to serve as a localized alternative to Kalshi and Polymarket for Asian users.