Polymarket

Polymarket

Finance

Polymarket taps Chainalysis to bring Wall Street-level oversight to crypto prediction markets

By partnering with Chainalysis to monitor its blockchain data in real-time, Polymarket is signaling to both users and regulators that it is serious about eliminating insider trading and market manipulation.

Shayne Coplan, founder and CEO of Polymarket (CoinDesk/Jesse Hamilton)

Markets

The Green Beret was just the start: New data suggests military insider trading crisis on Polymarket

New data shows unusually high win rates in defense bets, building on research that 3% of traders drive prices and under 1% capture most profits.

(Ryuno/Unsplash)

Finance

XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi

Backed by 20VC, Picus Capital and Coinbase Ventures; XO lets users create and profit from their own prediction markets, and plans to rollout a new vault product to democratize market making.

Ali Habbabeh and Walid Al Habboul, co-founders of XO Market.

Markets

A tiny group is winning on Polymarket as under 1% of wallets take half the profits

After research showed a small minority moves prices, new data suggests an even smaller group captures roughly half of all gains.

(Julian Hochgesang/Unsplash)

Policy

CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority

The U.S. Commodity Futures Trading Commission added Wisconsin to the list of states it's sued over event-contract jurisdiction, most recently New York.

U.S. Commodity Futures Trading Commission Chairman Mike Selig (Jesse Hamilton/CoinDesk)

Policy

Polymarket reportedly seeking CFTC approval to reopen main exchange to U.S. traders

If approved, the move would help Polymarket compete with Kalshi in the U.S., and bring more event-trading activity under CFTC regulatory oversight.

CoinDesk

Videos

Green beret arrested for Polymarket insider trading allegations

The DOJ arrested an Army Special Forces soldier for using classified information about a planned Venezuela raid to place $33,000 in bets on Polymarket, winning $400,000. The CFTC is also pursuing parallel insider trading charges. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

Green beret arrested for Polymarket insider trading allegations

Policy

Wisconsin joins prediction market fight, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com

The state's complaint highlights language used by prediction market platforms as language for gambling, not investing.

CoinDesk

Policy

U.S. arrests Army green beret for $400,000 Polymarket bets on Venezuela raid he was in

Master Sergeant Gannon Ken Van Dyke allegedly tried to conceal his bets about the raid on Venezuela that led to Nicolas Maduro's arrest.

Clayton

Markets

Traders don’t see Kelp socializing losses after $292 million exploit

Polymarket prices low odds of a system-wide redistribution, as the protocol weighs how to handle an undercollateralized rsETH supply

Multiple people grabbing slices of a pizza (Klara Kulikova/Unsplash)