Polymarket: Latest News, Deals, and Market Updates
South Africa Faces Call to Ban Prediction Markets Over Integrity Concerns
The South African Bookmakers Association demands a ban on prediction platforms until a legal framework is established, citing over R700,000 wagered on local elections.
Legal U-Turn: Federal Judge Blocks Minnesota’s Ban on Prediction Markets
A Minnesota federal judge has granted a preliminary injunction against the state's first-ever ban on prediction markets, stalling the law only days before its August 2026 launch.
Judge Blocks Minnesota's Prediction Market Ban, Defying Congressional Intent
A federal judge has halted Minnesota's attempt to ban event contracts. The ruling allows platforms like Kalshi to operate despite warnings from former Senator Chris Dodd.
NFL Challenges US Regulator Over Weak Prediction Market Safeguards
The NFL has criticized the CFTC's proposed rules for prediction markets, demanding stricter bans on manipulable contracts as $30 billion is wagered on the league annually.
Polymarket Scandal: Influencers Accused of Using Fake Platforms for Staged Wins
Serious allegations hit prediction market Polymarket as influencers reportedly used a fake platform to stage winnings. Ten creators allegedly wagered $1.9 million in fake funds.
End of Regulatory Free Ride for Prediction Markets in Europe
French authority ANJ blocks Polymarket after it drew over 578,000 visits in June. ESMA warns that event contracts often classify as prohibited binary options.
Nevada Proposes Federal Ban on Unregulated Sports Prediction Markets
Congressmen seek to pass the Prediction Markets are Gambling Act to stop sports event contracts from bypassing state-level gambling oversight and tax laws.
End of Backdoor Betting: US Lawmakers Introduce Bill to Ban Prediction Markets
A new bipartisan bill in the US House aims to close federal loopholes that allow prediction markets to bypass gambling regulations, potentially saving states $1 billion in tax revenue.
Suspicious World Cup Betting Patterns: Indicators of Manipulation Under Scrutiny
The Group of Copenhagen identified seven suspicious betting instances at the World Cup, including a $4.8 million win on an underdog draw. FIFA denies any wrongdoing.
Polymarket Challenges French Blockade Amid Scrutiny Over 'Posh George' Bets
New York-based Polymarket is fighting a French regulatory ban while facing headlines in the UK over an $8 million wager linked to political figures.
Prediction Markets Under Fire: Why the Financial Loophole for Betting Is Closing Fast
Roman Baranovskyi of SBSB Fintech Lawyers breaks down Portugal's block of Polymarket and the new ESMA stance that could ban binary event contracts across all 27 EU states.
Netflix Documentary Sparks Outrage: Allegations Against Prediction Markets
Netflix is releasing 'The Prediction Games' on July 26. The documentary features $5.6bn in World Cup betting and faces legal threats over alleged Nevada violations.
George Cottrell Under Fire: 9 Million Dollar Trump Bet Sparks Investigation
A massive $8.8 million wager on Donald Trump winning the 2024 election is being scrutinized. George Cottrell reportedly acted as a frontman for betting syndicates.
Wagering on Handcuffs: Polymarket Self-Certifies Arrest Markets in the US
Predictive platform Polymarket introduces contracts for arrests and pandemics. One market for 2027 arrests has already seen over $200,000 in trading volume.
US Medical Students Use Sports Betting to Pay Tuition Fees
A survey of 1,000 healthcare students shows that 27% are turning to prediction markets and sportsbooks to fund their education costs.
World Cup 2026 Records: Prediction Markets Explode with Billion-Dollar Volumes
The 2026 World Cup witnessed massive growth in prediction markets like Kalshi and Polymarket, with billions traded and millions of new users joining the fray.
Kalshi's World Cup Surge: 3 Million New Users Fuel $40 Billion Trading Volume
Prediction market Kalshi saw a massive jump in activity during the 2026 World Cup, capturing a 65% market share of the global prediction sector in June.
Spain exams prediction betting, introduces cross-operator deposit limits
Spain is debating how best to regulate prediction betting under existing gambling laws. Concurrently, the Council of Ministers approved new unified deposit limits, fully effective from March 2027, which could cut player spending by approximately 300 million euros annually.
Ireland targets unlicensed betting exchanges: Court blocks payments
The Irish gambling authority GRAI is taking legal action against unlicensed prediction markets. Operators face fines of up to 20 million euros or 10 percent of global annual turnover for violations.
France Blocks Polymarket: Tough Stance Against Unregulated Prediction Markets
The French gambling regulator ANJ has ordered ISPs to block access to Polymarket. In June alone, the platform recorded 578,751 visits from France.
FIFA under Scrutiny: Council of Europe Warns of Integrity Risks from Micro-Event Betting
The Council of Europe expresses integrity concerns regarding FIFA's prediction market partnership. This could increase fraud risk at the 2030 World Cup, particularly with bets on tiny in-play events.
CLARITY Act: US Crypto Regulation Stalls After Trump Meeting
Progress on the CLARITY Act, intended to regulate US crypto markets, remains stalled. After a White House meeting, no new legislative draft emerged. The probability of its passage by 2026 dropped to just 32 percent.
Prediction Markets: The new wave in gambling
Prediction markets are experiencing a boom, blending elements of financial trading with gambling. Providers like Kalshi reached a valuation of 11 billion US dollars in 2025, generating 263.5 million US dollars in fee revenue.
US Congressman Demands Answers From Polymarket Over Influencer Deals
A US Congressman is questioning Polymarket's practices regarding paid influencer partnerships, citing concerns over election betting and misinformation. Representative Raja Krishnamoorthi has given Polymarket until July 28 to respond.
Prediction Markets Attract Young Men Disproportionately
Prediction markets are a multi-billion dollar industry, experiencing rapid growth, especially among young men. A study reveals 71% of users are male, and 26% of American men aged 18-24 use these platforms.
Google Engineer Charged for Insider Betting with $1.2M Winnings
A Google employee has been charged in New York for alleged insider trading. He is accused of using confidential internal data to win $1.2 million through the Polymarket platform.
Czech Republic Blocks Polymarket as Unlicensed Gambling
The Czech Ministry of Finance has given internet providers 15 days to block access to Polymarket, classifying the platform as unlicensed gambling.
Netherlands: Polymarket Appeal Rejected - Prediction Markets Remain Gambling
The Dutch gambling authority Kansspelautoriteit (KSA) rejected an appeal by Adventure One QSS Inc., Polymarket's operator. The KSA reaffirms its classification of prediction markets as gambling under Dutch law.
Matchbook and the Rise of Prediction Markets: An Industry Shift
Matchbook, a traditional betting exchange, repositions itself as an infrastructure provider for the rapidly growing prediction market sector. Monthly volumes in this segment surged from under $5 billion in mid-2025 to around $24 billion in April this year.
Italy Blacklists Polymarket Again: Strict Stance Against Unlicensed Gambling
Italy is intensifying its crackdown on unregulated gambling platforms. The Italian Customs and Monopolies Agency (ADM) has blacklisted prediction market Polymarket for a second time, despite the country recording gross gaming revenue of 333.7 million euros in December 2025 alone.
US Prediction Markets Under Scrutiny: Kalshi Under Pressure, Billion-Dollar Business Grows
US prediction markets face turbulent times. Kalshi's New York defeat and new tax initiatives shape an industry that hit over $50 billion in trading volume in June 2026.
South Korea Targets Prediction Markets: Polymarket Faces Regulatory Scrutiny
South Korea's KCSC is reviewing Polymarket for alleged illegal gambling violations, raising concerns over hundreds of billions of Won in bets.
US Soldier Fights CFTC Case: Maduro Bets Not 'Swaps'
A US Army Special Forces soldier is fighting CFTC charges of alleged insider trading on Polymarket. He allegedly made over $400,000 on bets concerning Nicolas Maduro, arguing the contracts were not 'swaps' under the law.
Sports-First Startups Invade Prediction Market: Is the Sports Betting Industry in Trouble?
New players are entering the trillion-dollar prediction market in 2026 with sport-focused products. Experts like Laila Mintas of 365Prediction and Dean Sisun of ProphetX see traditional sports betting operators at risk.
South Korea Delays Polymarket Decision Amid Intensified Gambling Scrutiny
South Korea postpones a decision on the Polymarket platform as government scrutiny of gambling intensifies, indicating a trend toward stricter regulation of online betting markets.
Polymarket Sued Over Bitcoin Payout: Improper Market Resolution Alleged
Two Polymarket users have sued the company in New York, alleging improper changes to a "Strategy Bitcoin" market resolution, denying payouts. One plaintiff reportedly lost half a million dollars.
Norway Grapples with Inside Trading on Prediction Markets
Prediction markets, once niche products, are booming. Their monthly trading volume surged from under 100 million US dollars in early 2024 to over 13 billion US dollars by late 2025. This rise alarms regulators, especially in Norway.
Polymarket Bet on Putin's Tenure Fuels Speculation
An unusually large bet of approximately $409,000 on Polymarket regarding Vladimir Putin's future has sparked renewed attention. The prediction market currently assigns an 11 percent chance of him leaving office by the end of 2026.
Turkish Crypto Exchange Paribu Ventures into Prediction Markets
Turkish crypto exchange Paribu now allows its users direct access to prediction markets via an in-app DeFi wallet. This integration with Polymarket creates new betting opportunities in Turkey.