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Polymarket Flags Suspicious Midterm Election Bets as $24M House Market Heats Up

Polymarket is investigating dozens of suspicious midterm election bets, with at least two cases referred to federal regulators. The move comes as its prediction markets forecast a Democratic takeover of…

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Pentagon Bans Military Insider Trading on Polymarket, Kalshi After $400K Betting Scandal

Defense Secretary Pete Hegseth has prohibited U.S. military personnel and Pentagon employees from using nonpublic information to trade on prediction markets, warning that bets on military operations could expose sensitive…

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Missouri Hits Polymarket and Kalshi With Cease-and-Desist Orders

Missouri Attorney General Catherine Hanaway stressed that prediction markets could not label sports bets as event contracts to skirt law compliance. The state sent letters to Polymarket, Kalshi, Crypto.com, Novig,…

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Polymarket Gives Dems 62% Midterm Sweep Odds, CLARITY Act in Jeopardy

Prediction markets are flashing warning signs for the cryptocurrency industry ahead of the Nov. 3 midterms. Polymarket gives Democrats a 62% chance of sweeping both chambers of Congress, while Kalshi…

Continue ReadingPolymarket Gives Dems 62% Midterm Sweep Odds, CLARITY Act in Jeopardy