News
Polymarket will be the prediction market partner for the US Major League Soccer with the plan to offer “ways to engage more deeply with the game.”
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Polymarket News
Polymarket is a prediction market platform built using blockchain technology that lets people speculate on the outcome of real-world events by trading shares tied to those outcomes. It’s often described as the world’s largest decentralized prediction market.
At its core, Polymarket is a peer-to-peer prediction market:
Like other prediction markets, Polymarket’s markets are tied to questions like “Will X happen?”
You can buy “Yes” or “No” shares on an outcome.
The price reflects its implied probability (e.g., $0.70 ≈ 70% chance) and this is commonly referred to as ‘the wisdom of the crowd’.
Trade or Hold: You can trade those shares with others before the event resolves, similar to trading financial assets.
Resolution: After the event concludes, the correct outcome is verified (often via decentralized oracles) and winners are paid.
This means that the user is not just placing a fixed-odds bet — they are participating in a market that aggregates collective beliefs about future events. Polymarket markets cover a wide range of topics, such as:
- Politics and elections.
- Economic indicators and macro outcomes.
- Sports and entertainment events.
- Weather, culture, tech milestones, and more.
- News
The spike in Polymarket odds comes just days after United States President Donald Trump said “we’re probably going to end up in another Democrat shutdown.”
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Bitcoin bull market optimism has suffered since the October crash, as chances of a short-term BTC price rally above $100,000 appeared to be fading.
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A preliminary injunction against the prediction markets platform reportedly came at the request of Massachusetts Attorney General Andrea Joy Campbell.
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The moves highlight growing uncertainty over whether crypto prediction markets are to be treated as finance or gambling.
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Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari’s Austin Weiler.
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It's unclear when US lawmakers will return to address a market structure bill, but CEO David Solomon said Goldman Sachs was monitoring its progress for tokenization and stablecoins.
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US President Donald Trump said the “leaker on Venezuela has been found and is in jail” as some Polymarket accounts tied to early bets on Maduro’s ouster go silent.
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Backpack exchange launched an invite-only beta for its Unified Prediction Portfolio, letting users hedge and trade across markets in a single crypto account.
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Prediction market Kalshi dominated trading volumes on Monday, accounting for two-thirds of the $701.7 million tally.
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The move adds Ukraine to a growing list of countries, including France, Germany, the UK, Italy, Poland, Thailand and Australia, where Polymarket is already restricted.
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Tennessee regulator warned that failure to comply could trigger steep fines, court injunctions and potential law enforcement referrals for for further investigation.
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The bill came after a Polymarket user netted more than $400,000 on a contract related to the removal of then Venezuelan President Nicolás Maduro, fueling concerns about insider trading.
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The Tornado Cash developer was convicted on one count in August, with two felony charges unresolved as prosecutors weigh a possible retrial.
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The no-action letter comes amid growing acceptance by US regulators of prediction-style markets and event contracts during an election year.
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