Spotify has taken down approximately 500,000 streams from Malcolm Todd’s popular song “Earrings” following concerns that the track’s chart performance was artificially manipulated by gamblers on prediction market platform Kalshi.
The Commodity Futures Trading Commission is reportedly conducting an extensive investigation into Polymarket, one of the world’s largest prediction market platforms, according to sources familiar with the matter.
Mark Zuckerberg has reportedly directed Meta to build a prediction market app that would compete with rapidly growing gambling sites like Polymarket and Kalshi.
A single gambler on prediction market platform Polymarket lost $4.2 million on World Cup bets in less than one day, highlighting the massive stakes involved in the soccer tournament, which is expected to become the largest sports gambling event in history.
A Google engineer made more than $1 million using inside information to place Polymarket bets based on what users were for searching on Google.
President Donald Trump addressed concerns about potential insider trading in global betting markets after being asked about suspected wagering tied to the Iran conflict, following a case involving a U.S. Special Forces soldier accused of using classified information to bet on a raid targeting Venezuelan leader Nicolás Maduro.
Are there administration insiders profiting from knowing news about the war with Iran before the public does? Recent news stories from the world of “prediction markets” seem to indicate that may in fact be happening.
A bill to ban sports betting on prediction markets has been introduced by a bi-partisan group of U.S. Senators to prevent betting.
Prediction market Kalshi has drawn outrage for refusing to pay out winnings on a $54 million trade related to the death of Iranian Supreme Leader Ayatollah Ali Khamenei.
Actress Cheryl Hines revealed to Katie Miller, the wife of White House Deputy Chief of Staff Stephen Miller, the vaccine, if she were a new mom, she wouldn’t give her young child right away.
The odds of a U.S. recession have fallen to their lowest level ever recorded on Polymarket, dropping from 70 percent in late April to just 19 percent this week.
Federal agents seized the phone and electronic devices of Polymarket CEO Shayne Coplan in an early morning raid on his Manhattan apartment, just a week after the crypto betting platform correctly predicted Donald Trump’s stunning 2024 presidential election win.
