The US government launched at least three previously unreported investigations into trading on the prediction market Polymarket, according to documents obtained by WIRED through a Freedom of Information Act request. Voting records from the Commodity Futures Trading Commission, the federal agency that regulates prediction markets, shed new light on how the government approaches these investigations.
Good morning. Polymarket makes a business out of uncertainty. Now it’s bringing some certainty to its own finances by hiring seasoned CFO Warren Jenson as its first finance chief. Jenson, who has served as CFO of Amazon, Electronic Arts, Delta Air Lines, and NBC (then a General Electric business) as well as Nielsen, will lead
On Sunday, influencer Amanda Hirsch — the creator behind the popular “Not Skinny But Not Fat” podcast, who also hosts Hulu’s “Get Real” podcast — addressed the uproar about having posted partner content with the betting platform Polymarket over the Lindsay Clancy verdict. In a since-deleted post from Friday, after the judge in the case had
Former Republican congressman George Santos has received a first-of-its-kind lifetime ban from the prediction market platform Kalshi, which has also fined him $71,356 for violating its rules around insider trading and market manipulation. According to the notice of disciplinary action Kalshi posted today, the former politician placed trades in markets related to whether he would
Twenty-eight-year-old Jacob Fortinsky has been busy. “I was a groomsman at two weddings this weekend,” he tells me over Zoom. Also, the sports trading company he runs, Novig, launched its prediction market last week, facilitating $18 million in trading volume on its first day. Today, Novig launches a “responsible trading framework” in its exchange rulebook,
Kalshi and Polymarket say allowing people to bet on the outcomes of clinical trials and FDA drug approvals provides valuable information about drug development. But researchers warn the bets could incentivize insider trading and interfere with the integrity of the process. Fred Tanneau/AFP via Getty Images hide caption toggle caption Fred Tanneau/AFP via Getty Images
