The prediction market giant Polymarket said it’s refunding users who had funds stolen due to a third-party breach.
Many of those videos were reportedly filmed on “near-perfect copies” of the Polymarket website, while featuring trades and winnings that were not real.
According to the complaint, a Google engineer risked over $2.7 million on wagers related to Google’s 2025 Year in Search campaign.
Prediction market startup Kalshi has raised a $1 billion Series F round led by Coatue.
The soldier is accused of using classified government information to inform a wager on the prediction market Polymarket.
A Democratic congressman had harsh criticism for Polymarket for allowing users to bet on the date the U.S. would confirm the rescue of Air Force service members shot down over Iran.
As prediction markets explode, the new firm called 5(c) Capital, will back startups supporting the burgeoning category.
Since FanDuel and DraftKings are subject to state-by-state gambling laws, rather than federal law, they would not be impacted by the bill.
MLB is only the latest in a string of recently announced partnerships involving the prediction market.