The largest prediction market, Polymarket, has publicised that it is acquiring Brahma, a crypto startup offering decentralised finance (DeFi) infrastructure. As per the announcement on March 18, Brahma mentioned that as part of this transition, our team will commit itself to evolving Polymarket’s stack and product suite. Brahma was rolled
Argentina’s authorities have blocked Polymarket across the country after a ruling by a Buenos Aires court. It declared that it operated illegally and outside the country’s legal framework and regulations regarding gambling. The country’s authorities have asked ENACOM to impose a blockade against Polymarket by internet service providers. The limited
Users of the crypto prediction market Polymarket reportedly intimidated journalist Emanuel Fabian to modify his story on the Iranian missile attack incident. Fabian reported that a missile had struck an open area in Beit Shemesh. However, there were no casualties in the attack. The story was based on the information
The prediction market platform, Polymarket, has regained prominence as analysts have detected unusual trading activities related to influencer Andrew Tate. Researchers have identified multiple accounts that have participated in prediction markets related to influencer Andrew Tate’s activities on the social media platform X. The prediction markets enabled users to bet
The US federal court ruling has pushed the risk even higher that Nevada regulators could look for halting prediction-market trading in the state after a judge sent a contest comprising Polymarket’s parent company, Blockratize, back to state court. A federal judge declined arguments that US regulation under the Commodity Exchange
ZachXBT, a blockchain sleuth, published its report on February 26, in which Axiom is a firm whose employees he believed had used non-public information to position profitable trades. The scrutiny had been teased for days, and Polymarket had made a contract permitting users to bet on which firm would be
The Netherlands Gambling Authority has ordered its Dutch affiliate, Adventure One, to put a stop to providing betting services to natives without permission, marking a move against prediction markets platform Polymarket. As per the notice released on February 17, the regulator mentioned that the company must ban its activities quickly
The Digital Chamber has launched a new Prediction Markets Working Group to strengthen federal oversight of the sector in the United States. The blockchain advocacy group aims to secure regulatory clarity and reinforce the Commodity Futures Trading Commission’s authority over event-based contracts. The organization announced the initiative on X and
Israeli prosecutors indicted the two on charges of attempting to use confidential military intelligence to make bets on Polymarket, a blockchain-based prediction market. The suspects include one Israeli Defence Forces reservist and another civilian. Authorities accused the reservist of obtaining sensitive operational intelligence in the course of his military duties
Venture funding is carrying on to flow into digital asset firms even as the wider crypto market struggles with significant losses. As per the estimation, around $258 million was invested in crypto companies in the first week of February, as per the data from DeFiLlama. The data also highlighted that
