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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 ...
At the light end, Polymarket’s former regulator—the Commodity Futures Trading Commission—may have complained to the Justice Department about U.S. residents still betting through the site, in ...
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 burst on the scene this year, but the idea behind it is centuries old and reflects a notion, popularized in the book The Wisdom of Crowds, that crowd-sourcing a question can produce ...
Founded by Shayne Coplan, [2] Polymarket launched in 2020 as an online prediction market platform that would allow users to trade on the outcome of world events. [3] The company was founded on the idea that by providing real time forecasts on events as they unfolded, Polymarket could function as an alternative to traditional news sources. [1]
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.
The success Polymarket has had predicting political outcomes is somewhat surprising considering that betting on elections is illegal in the U.S., and bettors in the U.S. are technically barred ...