It’s Morning in America for Crypto

With a decisive electoral sweep of the presidency and Congress, Trump’s second term could mark a transformative era for bitcoin, crypto, and the broader blockchain industry. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Trump’s Victory Could … Read more

Polymarket Turns Up the Heat: Millions Wagered on Paul vs. Tyson Bout

This evening at 8 p.m. ET, AT&T Stadium in Arlington, Texas, will host an electrifying boxing showdown: Mike Tyson, the legendary heavyweight, squares off against Jake Paul, the social media star turned professional fighter. Earlier in the day, Polymarket bettors are already placing their bets on the bout’s outcome. Paul vs. Tyson: Bettors Predict a … Read more

Report: Polymarket Under DOJ Probe After Explosive Bets on Trump-Harris Election

A Bloomberg report suggests that the prediction market Polymarket has caught the eye of the U.S. Department of Justice (DOJ), potentially facing a probe. ‘In the Face of Adversity, We Build’: Polymarket Responds to Scrutiny From Federal Authorities After an FBI raid on Polymarket CEO Shayne Coplan’s residence, Bloomberg reports that the DOJ has initiated … Read more

FBI Raids Polymarket CEO’s Home, Seizes Devices Amid Trump Bet Controversy

The FBI reportedly raided the Manhattan apartment of Shayne Coplan, CEO of betting platform Polymarket, early Wednesday. The raid followed Polymarket’s accurate prediction of Donald Trump’s 2024 presidential victory, a result that contrasted with traditional polls. FBI agents seized Coplan’s phone and electronic devices, though he was not arrested or charged. A source close to … Read more

Polymarket Faces Significant Post-Election Lull in Trading Volume, User Activity

Less than a week after the 2024 U.S. election, the prediction market Polymarket has seen daily trading volume drop sharply. After Election Spike, Polymarket Returns to Quieter Trading Before the election between Donald Trump and Kamala Harris, the Polygon-powered Polymarket buzzed with activity as bettors wagered on the presidential outcome. In addition to the presidential … Read more

Trader’s Successful Donald Trump Bets Prompts French Regulator to Go After Polymarket

The French gambling regulator is considering banning access to the predictions market Polymarket despite the platform not specifically targeting French users. Polymarket’s Political Predictions Ruffle Feathers The French gambling regulator, the National Gaming Authority (NGA), is reportedly contemplating banning access to the predictions market Polymarket. An anonymous source in the NGA said the regulator can … Read more