prediction markets

Americans Are Trading Billions of Dollars on Polymarket’s Banned Offshore Platform

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Americans Are Trading Billions of Dollars on Polymarket’s Banned Offshore Platform

Approximately 30 percent of the trading volume on Polymarket comes from the United States, according to a new study—an eye-popping number, considering that none of those people are legally allowed to use the crypto-based platform. The study, conducted by Rutgers University statistician Harry Crane, estimated that people in the US funneled between $10.6 to $26.7 … Read more

Polymarket and Kalshi Say Influencer Partners Can’t Deny Election Results, Actually

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Polymarket and Kalshi Say Influencer Partners Can’t Deny Election Results, Actually

As the United States heads into an especially contentious midterm election season, prediction markets have already run into trouble with the political commentators they pay to promote their platforms. Both Kalshi and Polymarket have asked influencers to take down “paid partnership” tags on social media posts questioning the results of the Los Angeles mayoral election, … Read more