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The Latest Breaking News from Polymarket

Everyone is losing on ‘sucker-bet’ laden prediction markets except a few seasoned pros

Platforms like Polymarket and Kalshi have seen a huge surge in business - but there are growing calls for greater regulation

The Independent UK

Startup Fun raises $72 million for the serious business of converting crypto and cash

The crypto investor Multicoin Capital and the tech VC SignalFire led the Series A fundraise.

Fortune

Dan Patrick eyes closing “gambling loophole” for prediction markets. The feds stand in Texas’ way.

A Trump administration agency has sued other states that sought to regulate Kalshi, Polymarket and other prediction operations under their gambling laws.

The Texas Tribune

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Senate bans prediction market trading by members, staff

Senators will now be barred from trading on prediction markets, after adopting a resolution by unanimous consent Thursday afternoon. It’s the latest in a flurry of efforts to squash insider trading by government officials as prediction markets grow in popularity. Led by Ohio Republican Sen. Bernie Moreno, the resolution adopted…

Roll Call

Soldier Who Made $400,000 Betting On Maduro's Capture Pleads Not Guilty

The U.S. Soldier who allegedly used insider information to profit off the capture of Venezuelan President Nicolas Maduro has pleaded not guilty to charges.

International Business Times

Special forces soldier accused of betting on Maduro raid enters plea in NYC court

This case emerges amid heightened scrutiny of prediction markets, platforms that allow individuals to wager on various outcomes

The Independent UK

Exchange startup Liquid raises $18 million Series A for leveraged trading on stocks, crypto, commodities, prediction markets, and private secondaries

The funding comes less than six months after Liquid’s $7.6 million seed round

Fortune

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US soldier charged with using intel to win $400K on Maduro raid to appear in court in NYC

A U.S. special forces soldier is due in federal court in New York on charges that he used classified information about the mission to capture former Venezuelan leader Nicolás Maduro to win more than $400,000 on the prediction market Polymarket

The Independent UK

The $100 Million Man: What the ‘Richest Ever’ Fed Chair Nominee Kevin Warsh, With Investments in Elon Musk’s SpaceX, Means for Your Portfolio

Trump's Fed Chair nominee is set to become the richest ever, with a net worth surpassing $100 million, and investments in some of the biggest names in tech and finance. Here's what that means for your portfolio.

Barchart

Illinois Bars State Workers From Insider Bets on Prediction Markets and Limits Use of AI

Illinois Gov. JB Pritzker has moved to restrict two fast-growing technologies inside state government, signing an executive order barring state employees from using nonpublic information to bet on prediction markets while state agencies implement rules requiring oversight, disclosure, and human review for artificial intelligence systems.

Latin Times

Prediction markets under pressure to crack down on rogue bettors and stop insider trading

A soldier betting on an operation to oust Venezuela’s leader

The Independent UK

Kalshi and Polymarket are racing to ban insider trading. The economist who built the theory behind prediction markets says it's the whole point

"You want the most accurate prices. That's pretty clear. The purpose of the market is to inform decisions."

Fortune

Soldier accused of making $400k betting on Maduro capture told woman the ‘army doesn’t understand business’: report

The woman the soldier had been texting said he contacted her as recently as last weekend

The Independent UK

GOP rep Luna demands that the soldier who bet on Maduro’s capture be pardoned, unless DOJ goes after ‘all the crooks in Congress’ too

She makes a fantastic point, too.

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The Independent UK

US gambling addiction is ‘out of control’ and requires a public health response, experts say

48% of men aged 18 to 49 had an account with at least one sports betting platform, according to one study

We Got This Covered

US soldier allegedly used classified info to bet on Maduro capture and made $400K

This trend of insider gambling raises a bigger question.

Latin Times

U.S. Soldier Charged With Using Classified Information to Profit From Maduro Operation

He faces charges including unlawful use of confidential government information for personal gain, theft of government information, commodities fraud, wire fraud and engaging in unlawful financial transactions, the Justice Department said.

The Independent UK

Republicans want Trump to pardon soldier arrested for placing bet on Maduro’s capture

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International Business Times

U.S. Soldier Charged For Allegedly Making Hundreds Of Thousands In Prediction Market Bet Tied To Operation To Capture Maduro

A U.S. Army Special Forces master sergeant has been charged after federal prosecutors alleged he used classified intelligence from a covert Venezuela operation to place profitable trades on a prediction market platform tied to the fate of then-Venezuelan authoritarian President Nicolas Maduro.

The Independent UK

Republicans are already calling on Trump to pardon special forces soldier accused of betting on Maduro’s capture

Anna Paulina Luna sys DOJ should prosecute ‘crooks in Congress’ next after service member accused of raking in more than $400,000

The Independent UK

US soldier charged with using classified intel to win $400K on Maduro raid is due in court

A U.S. soldier involved with the capture of Venezuelan President Nicolás Maduro is due in court Friday after being charged with using classified information to win more than $400,000 in an online prediction market

Euronews

US soldier charged with using Maduro raid intel to win €341,000 on Polymarket

Polymarket said in a statement it had flagged the user who made the bets to the US Department of Justice and cooperated with the investigation.

International Business Times UK

Gannon Ken Van Dyke: The Controversial Soldier at the Centre of the Maduro Raid Arrest

US soldier Gannon Ken Van Dyke allegedly turned classified military secrets from a Venezuelan operation into a $400,000 profit on digital prediction markets, igniting a groundbreaking legal case on data misuse.

International Business Times UK

Secret Service Officer Makes Fortune Betting On Polymarket That Maduro Would Be Detained

A US Army soldier is charged with using classified information about a Venezuelan mission to profit over $409,000 on Polymarket, raising concerns about prediction markets and national security

International Business Times UK

Special Forces Soldier Arrested After $400,000 Polymarket Bets on Maduro's Removal Trigger DOJ Insider Trading Investigation

Special Forces soldier arrested after $400K Polymarket bets on Maduro's removal spark DOJ insider trading investigation into classified info use.

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