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Bettors on crypto prediction platform Polymarket have, in recent months, developed an enviable reputation for beating the bookies. So it came as a surprise on Thursday when they got the outcome of the papal conclave very wrong indeed. La Suite Ci …

Futures bets against higher crypto prices lost over $500 million in the past 24 hours as a surge higher, buoyed by a possible cooldown of China tariffs by the U.S., led to the largest short liquidations since October. Bitcoin (BTC) rose from Tuesday …

A contentious $7 million bet on prediction platform Polymarket has sparked disagreement between the Polymarket and UMA communities. The bet, which speculated on whether Ukraine would agree to a mineral deal with U.S. President Donald Trump before …

While regulators around the world ban Polymarket for being a gambling platform, attorney Aaron Brogan has a good argument for why it’s not.

Prediction markets aren’t gambling because the house doesn’t always win. Academics get it, but regulators around the world have differing opinions – and Polymarket is feeling the heat.

The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election

The most popular Polymarket bet has seen a flurry in trades ahead of Election Day, contributing to a surge of Harris’ winning shares on the betting platform.

The latest price moves in crypto markets in context for Nov. 1, 2024.

At current prices, a $10,000 punt on Harris could equal a $25,000 payout if she wins the U.S. presidential election.