Polymarket | Crypto

KalshiEX and Polymarket US can keep serving Minnesota users while the merits and contract boundary remain unsettled. The post Federal court shields Kalshi and Polymarket from Minnesota’s felony crackdown days before deadline appeared first on CryptoSlate.

On July 28 and 29, the Federal Reserve meets to set its next rate decision, and traders will try to price the outcome through bonds, currencies, crypto and contracts that settle directly on what the central bank announces. Reuters polled 104 economists on July 21 and found every one of them expected the Fed to […] The post Easy money on Polymarket and Kalshi is disappearing as prop firms deploy AI agents appeared first on CryptoSlate.

Spain’s second World Cup title settled the largest sports-related winner markets yet on Polymarket and Kalshi, closing a tournament that brought prediction trading closer to the center of the global sports-betting business. Available data from the two leading platforms show that they recorded about $5.57 billion in cumulative volume on contracts tied to the tournament […] The post Most world cup traders won less than $5 on Polymarket while FIVE wallets walked away with millions appeared first on CryptoSlate.

Polymarket traders price CLARITY Act passage at 40% as Senate Democrats demand an ethics clause over Trump's $1.4B in crypto earnings. The post Senate Ethics Deadlock Drags CLARITY Act Odds Under 40% on Polymarket appeared first on Cryptonews.

ANJ cited Similarweb estimates after operator-level controls were circumvented in practice while the platform's live odds remained visible. The post France blocked Polymarket after its transaction controls failed to stop 578,751 new French visitors appeared first on CryptoSlate.

Hyperliquid plans to allow external operators to create prediction markets on its blockchain, widening its challenge to Polymarket while requiring prospective deployers to put nearly $32 million of its native token at risk. The proposed HIP-4 upgrade would require each deployer to stake 500,000 HYPE, worth about $31.7 million at Monday’s token price. Hyperliquid would […] The post Hyperliquid challenges Polymarket with $32 million opening for prediction-market builders appeared first on CryptoSlate.

France’s gambling authority has ordered the country’s internet service providers to geoblock Polymarket, citing illegal gambling and market manipulation concerns. France’s Autorité nationale des jeux (ANJ), or the National Gambling Authority, has ordered internet service providers to block access to Polymarket. Prediction websites are considered illegal gambling, the ANJ said in a Friday press release. The regulator said that Polymarket’s operations are not authorized in France and that advertising unauthorized gambling sites constitutes a criminal offense with fines of up to 100,000 euros ($114,000). Read more

Polymarket bettors have cut the odds of the CLARITY Act passing this year to a record low as Senate negotiations over ethics provisions remain unresolved.

The Czech Finance Ministry added Polymarket to its blacklist of unauthorized online gambling websites, requiring internet providers to block access within 15 days. The Czech Finance Ministry added Polymarket to its list of unauthorized online gambling websites on Monday, requiring internet service providers (ISP) to block access. The ministry listed the prediction market’s website under the country’s Gambling Act, which prohibits operators from offering unlicensed online gambling services to Czech users. Under the Gambling Act, ISPs must block access to websites included on the ministry’s blacklist within 15 days of publication of the name. Read more

South Korea’s media and communications review body will hear from Polymarket before deciding whether to issue a corrective request against the prediction market platform. South Korea’s media and communications review body said it will hear from Polymarket before deciding whether to take corrective action against the prediction market platform.  On Monday, the Broadcasting, Media and Communications Review Committee said it would allow Polymarket to submit its position before making a final decision on a corrective request regarding gambling concerns.  “We decided to provide an opportunity for Polymarket to submit its opinion to thoroughly verify the legality of Polymarket and the way the service is operated,” the committee said, according to a machine translation of the press release. Read more

New data from Allium suggests that US users are bypassing geoblocks to bet on markets offered on Polymarket’s global platform. US-based users are the biggest political bettors on Polymarket, despite the crypto-based prediction market’s efforts to restrict US citizens from using the decentralized platform, according to new research.  Blockchain research firm Allium estimated in a report published on Thursday that US-based users are the single biggest political market of any country by contracts traded and wallet count on Polymarket — not to be confused with Polymarket US, which is a US-regulated platform that launched in December with a narrower set of markets. “Blocking access did not end US participation; it made the US the largest single political market on Polymarket by volume,” the report said. “The demand is still there, now offshore and beyond US oversight.” Read more

Prediction markets are drawing one of their largest sports audiences yet from the World Cup, but the surge is creating an unusual picture beneath the headline numbers. World Cup-linked contracts on Polymarket have generated more than $3.3 billion in trading volume, a level that puts the tournament well ahead of this year’s Super Bowl, which […] The post Polymarket’s $3.3B World Cup boom exposes the longshot trap inside prediction markets appeared first on CryptoSlate.

Senators John Curtis and Adam Schiff are concerned about the CFTC’s enforcement ability after a “troubling” report on Polymarket’s advertising. A bipartisan pair of US senators has called on the Commodity Futures Trading Commission to investigate the prediction market platform Polymarket after it reportedly paid social media influencers to make videos of fake bets. Republican Senator John Curtis and Democratic Senator Adam Schiff sent a letter to CFTC Chair Mike Selig on Thursday, saying they were concerned Polymarket “used deceptive marketing tactics to promote gambling-style products to US audiences.” “If accurate, these allegations are deeply troubling and demand immediate scrutiny from the Commodity Futures Trading Commission,” they wrote. Read more

Polymarket said it contained the compromise and removed the affected dependency after attackers injected a malicious script into its frontend. A third-party vendor compromise discovered Thursday allowed attackers to inject a malicious script into Polymarket's frontend, affecting multiple users. Blockchain analyst Specter said the malicious script appeared to facilitate a phishing attack that drained an estimated $2.94 million from at least 11 Polymarket user wallets. Polymarket said on X that the compromise has been contained and that the affected dependency has been removed. It added that users would be fully refunded. Read more

Hackers infiltrated Polymarket’s website via a compromised third-party vendor, the company said, swiping millions in crypto from users.

Polymarket emerged as an onboarding layer for about 60% of World Cup bettors, who interacted with the blockchain for the first time during their prediction market entry. About 60% of users who placed their first World Cup bets on Polymarket had never interacted with blockchain protocols before, suggesting prediction markets are becoming an entry point into crypto. The finding is based on a 90-day Bitget Wallet study shared with Cointelegraph on Thursday that tracked the onchain activity of 857,000 active Polymarket users. Bitget Wallet said the findings suggest some users are entering crypto through prediction markets instead of beginning with token trading or DeFi protocols. Read more

One of the largest U.S. derivatives exchanges is bringing back yes/no bets on the S&P 500 after pulling them a decade ago, moving onto turf that Polymarket and Kalshi turned into one of the internet's fastest-growing corners.

WSJ says Schwab is working with Cboe on S&P 500 prediction-style products, while Cboe's Mini-SPX materials show how Wall Street can package yes-or-no trades inside listed options. The post Charles Schwab prediction market partnership with Cboe to take traders away from Polymarket, Kalshi appeared first on CryptoSlate.

Kentucky has sued Polymarket, Kalshi and Kalshi’s partners Coinbase, Robinhood and Webull, over offering sports event contracts in the state. Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets over sports event contracts. State Attorney General Russell Coleman said in a statement Wednesday that his office filed lawsuits in state court against Polymarket and Kalshi — also naming Kalshi partners Coinbase, Robinhood and Webull — accusing them of “operating unlicensed and illegal sports betting and gambling platforms.” “Kalshi and Polymarket are operating illegal sportsbooks in Kentucky and breaking our laws,” Coleman said. “These multi-billion dollar corporations and their legal fictions don’t pass the sniff test. As one of our state legislative leaders said it best, ‘If it looks like a duck and quacks like a duck…’” Read more

Spain controlled the ball for nearly 75% of the match and took 27 shots at Cape Verde's goal on June 14, a stat line that usually ends in a win. Cape Verde's 40-year-old goalkeeper, Vozinha, walked away with player-of-the-match honors after a 0-0 draw that cost Polymarket bettors millions and made one obscure wallet roughly […] The post World Cup bettors are losing millions on Polymarket’s “safe” favorites appeared first on CryptoSlate.