Polymarket

Polymarket

Markets

Polymarket seeks approval to bring margin trading to U.S. customers

Polymarket's application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.

Hands rest on a keyboard attached to a tablet computer. (Kanchanara/Unsplash)

Markets

Polymarket bets on U.S. marketing blitz to win back trust after 4-year ban: Report

The prediction market's head of U.S. operations says the business is taking steps to legitimize itself after years of legal scrutiny.

CoinDesk

Tech

Americans traded $571 million on Polymarket politic bets despite U.S. ban

U.S.-linked wallets traded $571 million in political contracts over the past year, more than any other country, even though the platform legally cannot serve them. The money leans toward the foreign-conflict markets U.S. venues do not list.

american-debt

Finance

Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein

The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.

Crystal ball (Credit: Zhenyu LuoUnsplash/Modified by CoinDesk)

Markets

Polymarket hack updated to $3.1 million days after the platform promised users full refunds

The prediction markets giant is under investigation in connection with false or deceptive marketing practices, according to news reports.

Eleven Polymarket user wallets targeted by hackers reported nearly $3.1 million in losses after phishing scam.(AidanHowe/Pixabay)

Policy

Kentucky targets prediction markets, puts Trump-aligned state in potential clash with president's team

President Donald Trump has taken the stance that states have no business with firms like Kalshi and Polymarket, and now a staunch GOP state is defying that view.

Kentucky flag (Douglas Sacha/Getty Images)

Markets

Mystery Polymarket trader turned $4 million into $9 million after Spain's shocking World Cup draw

A days-old account turned about $4 million into a $9 million profit betting against Spain, an anomaly trade that onchain sleuths are asking whether it was luck or inside information.

View of Spain-Cape Verde World Cup pitch with the two countries' flags before the start of their match.

Markets

Polymarket says No for May, Yes for June after Strategy's recent bitcoin sale

UMA voters ruled that Strategy's June 1 disclosure counted for the June contract, even though the company said it sold bitcoin during the final week of May.

Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))

Markets

Strategy sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts.

A $79 million market hinges not on whether Michael Saylor's firm sold bitcoin, but on whether a sale disclosed June 1 can count toward a deadline that passed May 31.

(Rob Sarmiento

Markets

Strategy’s bitcoin sale sparks a $14 million betting chaos on Polymarket

The 8-K filing by Strategy Monday disclosed sales for the period May 26 to May 31, but the disclosure was issued on June 1. Polymarket's May 31 contract is sitting at 81% Yes and in review, while bettors argue over whether the onchain transactions or the filing date controls.

Executive Chairman of MSTR, Michael Saylor (Danny Nelson/CoinDesk)