Polymarket
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Business
Buying Losing Lottery Tickets on eBay Is Tax Fraud
A three-inch stack of losing scratch-off tickets sits in a glass case at the University of North Carolina’s tax museum.…
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Sports
Victor Wembanyama Rejects Sports Betting Endorsements, Drawing Line Against NBA’s Growing Gambling Partnerships
Victor Wembanyama has drawn a definitive line between his off-court earning potential and the sports gambling industry, publicly refusing to…
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Crypto
CFTC Seeks to Redefine Event Contracts as Swaps, Escalating Prediction Market Jurisdiction Fight
The Commodity Futures Trading Commission submitted two regulatory filings to the White House on Sept. 28 designed to classify event…
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Crypto
Decrypt Takes Center Stage as Media Partner for World’s Largest Prediction Markets Summit in New York
The prediction markets industry is getting its biggest media stage yet. Decrypt, the crypto news outlet owned by DASTAN, has…
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Crypto
Morgan Stanley Becomes First Major Bank to Publicly Back Prediction Markets as Sector Grapples With Sports Dependency
The prediction market industry has spent the better part of a year courting Wall Street, and for the first time…
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Business
Prediction markets challenge state sports betting rules as tax dispute grows
WASHINGTON — prediction markets offering sports-related contracts under federal commodities law are drawing legal challenges from states that license and…
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Crypto
Robinhood Turns From Sports Betting to Crypto Prediction Markets
WASHINGTON — Robinhood Markets Inc. is redirecting its rapidly expanding prediction-markets business from sports-themed contracts toward digital assets, treating cryptocurrency…
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Crypto
Robinhood Turns Prediction Contracts Into a New Retail Trading Engine
WASHINGTON — Robinhood Markets Inc. is accelerating its expansion into federally regulated event derivatives, assembling exchange partnerships and equity stakes…
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Crypto
Clarity Act Vote Collapses as Crypto Markets Slide and Regulators Move Ahead
WASHINGTON — The U.S. Senate rejected a motion to invoke cloture on the Clarity Act by a 49-50 vote Tuesday,…
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Crypto
Stablecoin Caps and Prediction-Market Shutdowns Reshape Crypto Oversight
Bitcoin rose 1.5% to $92,000, while Ethereum increased 1% to trade at $3,130. Solana advanced 2% to $142, and XRP…
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