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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 ...
Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
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 ...
Polymarket, which offers bets in sports, business, science, politics and more, reports that users have spent more than $2.7 billion placing bets on the next president. According to an X post , one ...
The FBI raided Polymarket CEO Shayne Coplan's home on Wednesday, a company spokesperson said. Polymarket received attention this year after predicting the outcome of the US election.
Though U.S. election betting is newly legal in some circumstances, Polymarket is not supposed to allow U.S. users after the Commodity Futures Trading Commission halted its operations in 2022, but ...
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 ...
As Polymarket became a fixture of election coverage, it also came under scrutiny. Skeptics pointed out that U.S. citizens were barred from using the platform, meaning the prediction data came from ...