Polymarket

Polymarket

Policy

NCAA urges CFTC to pause college sports prediction markets

The group says contracts mirror sports betting but lack safeguards, warning transfer portal markets could pose “catastrophic” risks to student athletes.

(Ben Hershley/Unsplash)

Markets

New Polymarket bettor places $40,000 on U.S. striking Iran tonight

One trader went against the current trend of low chances for a strike tonight by placing the new $40,000 bet.

Three U.S. fighter jets in the air

Policy

Ukraine blocks Polymarket in wider online gambling crackdown

Polymarket is already restricted in 33 countries.

Ukrainian flag (Max Kukurudziak/Unsplash/Modified by CoinDesk)

Policy

Tennessee orders Kalshi, Polymarket and Crypto.com to cease sports betting contracts

The firms, federally regulated by the CFTC, were told to shut down Tennessee-based activity, refund deposits, and void open contracts by Jan. 31.

Kalshi website on a laptop.

Finance

Polymarket points to third-party login tool after users report account breaches

The platform attributed the incident to a third-party login provider, which several users speculated was Magic Labs, a popular tool for email-based logins.

Glasses in front of monitors with code (Kevin Ku/Unsplash/Modified by CoinDesk)

Markets

Prediction Markets Are Quietly Turning Into a New Asset Class, Citizens Says

The bank said event markets are still tiny versus stocks but are rapidly expanding beyond sports into macro and policy risk.

Hands rest on the keyboard of a laptop showing trading graphs, data. (Kanchanara / Unsplash modified by CoinDesk)

Policy

CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules

The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.

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

Finance

Most Influential: Shayne Coplan

Once mired in legal trouble that included federal probes and law enforcement raids, Polymarket founder and CEO Shayne Coplan has emerged victorious this year, casting off the yoke of regulatory scrutiny and growing the prediction market he founded into a $9 billion betting empire.

Shayne Coplan Polymarket

Policy

Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments

The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.

CFTC Acting Chairman Caroline Pham speaks at SEC (Jesse Hamilton/CoinDesk)

Finance

Polymarket Hiring In-House Team to Trade Against Customers — Here's Why It's a Risk

The prediction market’s move toward internal market making could blur the line with sportsbooks and undermine the platform’s neutrality, experts warn.

Polymarket CEO Shayne Coplan (Polymarket)