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The Latest Breaking News from Polymarket

TechScape: Betting markets come for everything – and the FBI comes for a betting market

This week in tech news, online predictors are riding high after a slew of accurate US election wagers. Plus, Trump and Musk try to weaponize the communications regulator•

The Guardian - UK

Howard Lutnick's Trump Treasury Secretary Chances Rise On Polymarket After Musk, RFK Jr. Commendations

Cantor Fitzgerald CEO Howard Lutnick is fast becoming a popular name in talks regarding Donald Trump's Treasury Secretary pick, and while Scott Bessent is still leading on Polymarket, Lutnick is gaining traction after commendations from Elon Musk, RFK Jr. and David Bailey.

International Business Times

The FBI just raided the home of Polymarket’s founder. What does the future of electoral betting markets hold?

VCs from Sequoia and Dragonfly on the future of prediction markets.

Fortune

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Online prediction betting markets look ahead after US presidential election triumph: ‘We’re just getting started’

Wagering platforms like Kalshi and Polymarket want to expand rapidly, offering bets on awards, epidemics, the economy and more, after ‘astronomical’ election growth

The Guardian - US

Did Polymarket's founder fly too close to the sun? What the FBI raid means for Shayne Coplan and his business

Shayne Coplan became one of the hottest new faces to come out of the 2024 race. Could a criminal investigation derail his Polymarket dreams?

Fortune

Polymarkets in Everything

Plus: Democrats admitting big cities have big problems, Tulsi Gabbard's appointment, and more...

Reason

Polymarket founder awakes to find Feds raiding his New York home—his company blasts it as ‘obvious political retribution’ for predicting Trump win

Shayne Coplan makes light of the Kafkaesque early morning search and seizure after the 26-year-old's mobile is confiscated: “New phone, who dis?”

Fortune

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FBI raids Polymarket CEO’s home as part of investigation into election betting platform

The 26-year-old had devices seized in what the company claims was ‘obvious political retribution’ after Donald Trump’s victory

The Independent UK

Polymarket CEO Calls Out 'Current' Administration's 'Last-Ditch' Move After Reported FBI House Raid

Polymarket CEO Shayne Coplan spoke out after reports FBI agents raided his house and seized his electronics.

International Business Times

FBI raids home of Polymarket CEO

CEO Shayne Coplan accuses Biden administration of targeting company over its perceived political associations.

Al Jazeera

FBI raids home and seizes phone of Polymarket founder

Shayne Coplan calls incident ‘discouraging’ as firm suggests raid was retaliation for site’s users betting on Donald Trump

The Guardian - US

CEO of Election Betting Company that Predicted Trump Win Has Electronic Devices Seized by FBI in Surprise Raid

Polymarket CEO Shayne Coplan, 26, was the target of a surprise FBI raid Wednesday morning during which his phone and other electronic devices were seized.

Latin Times

Polymarket users are betting on Scott Bessent to be Trump’s treasury secretary

The prediction market puts Bessent’s odds of getting the nod at 67%.

Fortune

Scott Bessent – Is The Trump Treasury Secretary Potential Pick Good For Crypto?

Scott Bessent is reportedly a heavy favorite in Trump's final list of potential individuals to lead the U.S. Treasury – who is he and will his views have an impact on Bitcoin and the broader crypto industry?

International Business Times

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Fortune

Polymarket CEO Shayne Coplan says he founded the popular prediction market from his bathroom

“Little did I know Polymarket was going to change the world," the 26-year-old founder said of his makeshift setup.

Al Jazeera

US election results: How did opinion polls undercount Trump voters again?

It’s the third consecutive election in which opinion polls have underestimated Trump’s support.

International Business Times

Polymarket Plans US Comeback After Signaling Trump Win, Founder Says

Polymarket is planning a return to the United States after it shut out American crypto bettors in 2022 in compliance to a CFTC settlement.

International Business Times

Vindicated: Polymarket Says It Proved 'Wisdom Of Markets' Over Polls After Trump Landslide Win

Polymarket believes it has proved doubters wrong after Donald Trump's victory, given criticisms and doubts that the decentralized prediction platform experienced in the lead-up to the elections.

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The Guardian - US

US pollsters taking heat – again – for failing to predict Trump triumph

Polling experts called on to explain surveys that showed Trump and Harris deadlocked in a race deemed too close to call

Fortune

A mystery Polymarket trader bet major money that Trump would win—and it just paid off to the tune of $40 million

Crypto bros see Polymarket’s rapid movement on Tuesday night as fulfilling a prophecy.

International Business Times

'Whale' Election Bettors Set To Win Big On Trump Wagers

Polymarket saw a total of $3.2 billion bet on the outcome of the U.S. presidential election, favoring a win by Donald Trump.

Fortune

The false premise of prediction markets

Prediction market Polymarket has become increasingly popular throughout the 2024 U.S. election.

International Business Times

Polymarket Trends On X As Trump's Odds Skyrocket To New Record High

Polymarket is a hot topic on X Tuesday night as the election numbers begin pouring out, with Donald Trump's odds of winning the presidency surging continuously.

The Guardian - US

Betting markets swing hard to Trump with early election tallies

Apps such as Polymarket and Kalshi place Trump as likely winner as election officials continue to count ballots

International Business Times

Bettors Say This Swing State Will Be The Last One Called, Could Decide 2024 Election

More than $83,800 has been wagered on the exotic side wager, which will be determined by Associated Press projections, according to the Polymarket website.

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