Polymarket is a cryptocurrency-based prediction market company that allows users to trade on the outcomes of future events.
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Polymarket is ending its paid deal with George Santos as the Commodity Futures Trading Commission investigates whether he broke the rules by betting on his own State of the Union attendance.
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Prediction markets like Polymarket and Kalshi are facing growing scrutiny in Washington after bets tied to the Iran conflict raised fears of insider trading and war profiteering.
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A Polymarket user reportedly made more than $436,000 by betting that Nicolás Maduro would be removed just before Donald Trump announced Maduro had been captured.
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A mystery trader or group has placed about $30 million in bets on Polymarket to help push Donald Trump’s election odds higher, even as polls show a very close race with Kamala Harris.
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