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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.
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 ...
Despite Kalshi driving the momentous decision, the spotlight will be on Polymarket, which settles and pays out wagers using Ethereum-based smart contracts and has raised $70 million in venture ...
The DOJ is investigating Polymarket for allegedly allowing U.S.-based users to bet on the site, Bloomberg News reported Wednesday evening.
To briefly recap, Polymarket was kicked out of the U.S. in 2022 for letting U.S. users bet on political prediction markets, which, at the time, was against the law.
Polymarket is a crypto-based predictions market that has become one of the most popular venues for placing online bets on upcoming elections. It was founded in 2020 and requires users to place ...
Yet Polymarket is not available to American users and was fined by the CFTC in 2022 for “offering off-exchange event-based binary options contracts.”
Since Coplan, 26, founded the crypto-based prediction market platform, Polymarket has raised $70 million, and in September reportedly sought to raise an additional $50 million among the election ...