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The Latest Breaking News from Polymarket

Prediction Markets Make Drastic Changes After Lawmakers Introduce Bill to Reclassify Kalshi, Polymarket As Gambling Sites

Prediction markets such as Polymarket and Kashi face potential regulation as gambling sites

International Business Times

$70K Bet on US–Iran Ceasefire Sparks Insider Trading Fears on Polymarket

New Polymarket accounts have wagered $70,000 on a US–Iran ceasefire before March 31, sparking intense insider trading allegations. The bets appeared just before President Trump hinted at ending military operations. Analysts warn that prediction markets are becoming a controversial tool for war profiteering during the ongoing Middle East conflict.

International Business Times UK

Ignore the Haters—March Madness Is Alive and Well In Spite of Transfers and NIL

Plus: Tournament expansion looks like a terrible idea, enjoy baseball while you can, and the newest season of Shoresy

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump news at a glance: president touts ‘strong talks’ with Iran that Iran says have not happened

Trump teased a deal could soon be reached to end his war on Iran, which Tehran denied – key US politics stories from Monday 23 March at a glance

The Guardian - US

Kalshi and Polymarket rush to ban insider trading as senators move to curb prediction markets

Kalshi and Polymarket are tightening their rules on insider trading as Congress appears to be moving closer to cracking down on prediction markets

The Independent UK

DraftKings Stock Is Challenging Its 20-Day Moving Average as Lawmakers Push to Limit Prediction Markets. Should You Chase the Rally Here?

DraftKings shares gain as U.S. lawmakers introduce a bipartisan bill to ban sports betting on prediction markets. Here’s why that warrants buying DKNG stock.

Barchart

Bets on US-Iran ceasefire show signs of insider knowledge, say experts

Number of new online accounts on Polymarket platform betting a total of $70,000 suggest ‘some degree of inside info’

The Guardian - UK

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Move to ban sports betting on prediction sites sees bipartisan support

IN FULL

The Independent UK

Senators want to ban sports betting on prediction sites like Polymarket and Kalshi: report

Sens. Adam Schiff and John Curtis want to prevent the apps from allowing sports betting as the practice becomes more integrated in professional leagues

The Independent UK

Early Kalshi employees raising up to $35 million for a prediction market VC fund with backing from the CEOs of both Kalshi and Polymarket

Other investors include Marc Andreessen through the fund Moneta Luna and Micky Malka of the fintech investment firm Ribbit Capital.

Fortune

Have an ICE Flight

Plus: Trump seems to back down from his Iranian ultimatum, Lindsey Graham is eager for another Iwo Jima, and more...

Reason

Trump impeachment odds soar to record high 69% on popular online betting platform

This figure has steadily risen over time, growing from 33 percent the week after the election to 59 percent after his inauguration

The Independent UK

Kalshi locks in $22 billion valuation, gaining slight edge over its fierce rival Polymarket

The startup has doubled its valuation in about two months.

Fortune

Polymarket Bar Is Coming to D.C.: “A sports bar for situation monitoring”

What could possibly go wrong?

The Mary Sue

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Reason

$200 Billion War?

Plus: boots on the ground, The Bachelorette cancels season, Meta reverses itself on virtual reality, and more...

Fortune

'A month ago, no one would have believed this': June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow

The Atlanta Fed’s Market Probability Tracker places the odds of a rate hike at about 15% within the next three months.

The Independent UK

MLB partners with Polymarket, makes integrity pact with federal commission on prediction markets

Major League Baseball is entering an official partnership with Polymarket and has an agreement with the federal commission overseeing prediction markets to collaborate on integrity concerns

Fortune

Mick Mulvaney: Stop calling it a 'prediction market.' It’s sports betting

The former White House chief of staff says it's time to call the illegal gambling operation, run through a regulatory backdoor, what it really is.

Get all your
news in one place.

100's of premium titles.
One news app.

Fortune

Exclusive: Polymarket acquires the startup Brahma, in effort to scale its crypto and DeFi infrastructure.

The startup aims to help the prediction market platform become one of the biggest consumer-facing crypto companies.

The Guardian - UK

Polymarket gamblers threaten Israeli journalist over missile strike story

Emanuel Fabian says his routine report became focus of wager with $23m at stake on online prediction platform

Fortune

Scott Galloway wants the stock market to crash. Gen Z is already betting like it will

The NYU professor's SXSW broadside explained the prediction market boom—and "financial nihilism"—better than any economist has.

We Got This Covered

A $14M Polymarket bet came down to one journalist’s report, but the losing side tracked down his parents’ address to force a correction

Gamblers didn’t take the loss lightly.

International Business Times UK

Why Prediction Market Kalshi Refused to Pay Out $54 Million Following Ayatollah Ali Khamenei's Death

Kalshi is under fire for not paying out $54 million to traders who bet on Ayatollah Khamenei's removal, raising questions about prediction market rules.

Fortune

Betting on 5-minute swings on Bitcoin price are the hot new thing on prediction markets

As Kalshi and Polymarket balloon in popularity, so too do quick-hit bets on crypto.

Barchart

Palantir Is Now a Sports Betting Stock. Does That Make PLTR a Buy Here?

Palantir still looks like a richly valued core AI infrastructure name where the sports-betting angle is a nice add-on — worth holding or buying on pullbacks, but not chasing blindly at more than 150 times forward earnings.

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Ayatollah Ali Khamenei

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