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Tag: Polymarket

Polymarket Aims for US Comeback with $112 Million Crypto Exchange Purchase

Polymarket Aims for US Comeback with $112 Million Crypto Exchange Purchase

Polymarket’s Acquisition Moves Polymarket has announced its acquisition of the derivatives exchange, QCX, for $112 million. This news came out on Monday, as the company prepares to make a comeback in the United States, according to founder and CEO Shane Coplan. In June, Polymarket was chosen as the official prediction platform for X. This acquisition […]

Polymarket Unveils Initial 2028 Presidential Odds

Polymarket Unveils Initial 2028 Presidential Odds

Polymarket Launches New Betting Platform for 2028 Presidential Election Betting platform Polymarket unveiled its “new Polymarket” on Friday via a post on X, centering on the upcoming 2028 presidential election. At that moment, Vice President JD Vance was in the lead with 27%, despite not having declared a political party. As Polymarket explains, it’s the […]

XRP ETF ‘obvious’ as Polymarket bettors up approval odds to 85% – Cointelegraph

Crypto Community members are growing more optimistic about the approval of the XRP Exchange-Traded Fund (ETF) following the resolution of a multi-year legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). On March 19, Ripple CEO Brad Garlinghouse announced that the incident had ended. In a post on X, Ripple executives said […]

2025 XRP ETF approval odds hit 81% on Polymarket – Cointelegraph

XRP (XRP) has skyrocketed over 10% over the past two days due to positive developments, including referrals to XRP ledger exchange operations (ETFs) and real world assets (RWAs). XRP 4-hour chart. Source: CointeLegraph/TradingView Altcoin repeated resistance past $2.50, showing a sweep of overhead liquidity, driving the rally to a high of $2.78 on February 14th. […]

Singapore and CFTC zero in on Polymarket as wildfire bets fuel public outcry – crypto.news

How did a crypto gambling platform become a global controversy, attracting criticism from Singapore and the FBI, and angering users? Polymarket implementation troubles Singapore shines as a leading hub for technology and innovation. However, when it comes to gambling, the city-state takes a noticeably conservative approach. This dichotomy was most recently brought to light on […]

Polymarket FBI raid shows Biden Justice Department has gone full banana republic

The Biden Justice Department has decided to continue its original approach of wielding it as a blunt weapon against perceived political opponents. At least that seems to be the case with the FBI raid on Polymarket CEO Shane Coplan. At 6 a.m. Wednesday, agents entered his home and demanded his cellphone and other devices. why? […]

FBI raided home of Polymarket CEO over alleged illegal bets by US users: sources

The FBI's shocking pre-dawn raid on the founder of election gambling site Polymarket turned out to be part of a criminal investigation into whether the company accepted bets from US users. This would violate the agreement the company had with the government. The Justice Department ordered a “court-authorized law enforcement operation” at Shane Coplan's Manhattan […]

Polymarket at center of political storm after reported FBI raid 

Predictive betting market Polymarket and its founder and CEO Shane Coplan are at the center of a debate over political gambling after the FBI reportedly searched Coplan's home on Wednesday. I noticed that there was. The FBI raided Koplan's New York City apartment early Wednesday morning and seized his cellphone and other electronic devices, according […]