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International Business Times
International Business Times
Business
Marvie Basilan

Investor Mark Cuban Says Polymarket Results Don't Really Indicate Anything – Is He Right?

Mark Cuban Polymarket Donald Trump Kamala Harris United States Crypto CFTC
Entrepreneur Mark Cuban speaks at a campaign event for US Vice President Democratic presidential nominee Kamala Harris at University Wisconsin-La Crosse in La Crosse, Wisconsin, on October 17, 2024. (Credit: CRAIG LASSIG/AFP via Getty Images)

KEY POINTS

  • Cuban revealed that he is an 'indirect' investor on Polymarket through a crypto fund
  • He noted that Americans aren't supposed to be betting on the platform
  • Polymarket was ordered by the CFTC in 2022 to stop offering its prediction services in the U.S.
  • Billions have been poured on political event contracts on Polymarket, with $2.2 billion on the presidential winner

Billionaire Mark Cuban, who is a supporter of Vice President Kamala Harris, said Monday that event contract results on decentralized market prediction platform Polymarket don't really indicate anything about the nearing U.S. elections.

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