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.
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,
SALT LAKE CITY — Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket, a federal judge ruled in a win for states seeking to rein in the popular betting platforms. Utah has been on the front lines of a battle between states and the federal government over who regulates
there is no shortage of crazy details about Polymarket. The government alleges that both a special forces soldier and a former Google employee used the prediction market to amass small fortunes through insider trading; CEO Shayne Coplan had his apartment raided by FBI agents, who entered through a battering ram; and one of its executives
Sylvie Andrews and her partner not only lost the new home they had helped build when the Eaton Fire devastated Altadena, California, in January 2025. They lost an entire decade of sacrifices they had made to put down roots in their hometown and the community they had created. “We put a lot of blood, sweat
