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While Polymarket users can theoretically cash out at any time based on the current market price, many held on until the bitter end and raked it in. But as Polymarket continues to grow in ...
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.
The site stands out in part because it relies on blockchain to track wagers, with users employing the stablecoin USDC to pay or cash out. While Polymarket did not become a well-known name until ...
The 2022 settlement with the Commodity Futures Trading Commission required Polymarket to pay a $1.4 million penalty for operating an illegal unregistered "event markets" that allowed users to bet ...
The FBI has raided the home of Polymarket chief executive Shayne Coplan as part of an investigation into the crypto betting platform.. Federal law enforcement agents seized the 26-year-old CEO’s ...
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 ...
Polymarket, which does not allow trading in the U.S., also gained scrutiny after a mystery French trader, known as the Polymarket whale, made large bets on Trump winning the election.
On Polymarket, which only takes bets in cryptocurrency, punters could even have put money on whether Taylor Swift would attend Vice President Kamala Harris’s rally Monday. (She went to the ...