Polymarket trades on contracts tied to strikes on Iran hit $529M, and six new accounts profited a total of $1M by betting on the US to strike Iran by Feb. 28
As US and Israeli bombs fell on Iran this weekend, bettors on Polymarket — where $529 million was traded on contracts tied to the timing of the strikes — were cashing in.
Researchers find Kalshi and Polymarket bettors can more accurately predict economic data, earnings, and political events than analysts, likely due to incentives
Economists at top banks and investment firms who command high salaries to divine the direction of the economy expect …
Kalshi and Polymarket have facilitated over $800M in Super Bowl contracts, as pro gamblers shift to prediction markets and adopt Wall Street-style strategies
The sudden rise of prediction markets has sophisticated bettors scrambling to adjust their strategies.
How gambling apps are ravaging Brazil in the wake of legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors
The boom shocked policy makers who are now scrambling to control it — At the headquarters of the United Nations … X: @lucas_shaw , @lpolgreen , @_night_brain__ , @ezraklein , @otis_reid , @pkafka , ...
Polymarket and Kalshi expect to pay out ~$450M total to US election bettors; Kalshi says 28K bet on Harris, 40K on Trump; one Polymarket user bet $40M on Trump
Michelle Conlin / Reuters :
Polymarket users have bet ~$2B on predicting the next US president; Polymarket has excluded US users since 2022 as part of a settlement with federal regulators
Kalshi founder Matthew Gault / Gizmodo : $30 Million Is All It Took to Shift the Odds in Trump's Favor on Polymarket Bruce Golding / International Business Times : $30 Million In Polymarket ‘Voodoo’ B...
Polymarket, a decentralized prediction and betting market with a focus on elections, has raised $70M across two rounds, the most recent led by Founders Fund
- Founders fund, Buterin Back $70 Million Polymarket fundraising — Polymarket has become a major platform for election bettors
A look at online and smartphone gambling in the UK, legalized in 2005, as bettors lost £14B+ in four of the past five years and concerns about addiction rise
On an August morning in 2016, Stewart Kenny, the co-founder of Paddy Power, was struggling to keep his emotions in check …
Tencent, Alibaba, and SoftBank invest heavily in popular fantasy sports and online rummy apps in India that use loopholes in anti-gambling laws to offer prizes
Bloomberg : Tweets: @bloombergquint , @talktosanjai , and @darkwyr Tweets: @bloombergquint : Watching cricket and playing rummy are online passions for millions of Indians, fueling a nascent gaming i...
E-sports betting startup Unikrn, backed by Mark Cuban, raises $31M in ICO; Unikoin Gold token to act as a medium of exchange for bettors to use on the platform
Stan Higgins / CoinDesk :