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Trump Lets Polymarket Off the Hook, Ends Probe Into Crypto Betting Platform

If you bet “Donald Trump ends an investigation into a Peter Thiel-backed cryptocurrency platform,” you can claim your winnings. According to Bloomberg, two investigations into the prediction market Polymarket have been shut down by the Trump administration, just in time for Republican lawmakers’ planned “Crypto Week.” The probes, which were launched toward the end of the Biden administration, included an investigation by the Department of Justice into whether Polymarket was allowing U.S.-based

Volodymyr Zelensky’s Clothing Has Sparked a Polymarket Rebellion

Did Ukraine president Volodymyr Zelensky wear a suit? It should be a simple question, but a dispute over the answer has torn apart bettors on the gambling site Polymarket. With a collective $210 million on the line, some claim to have been denied their rightful winnings. Polymarket is a platform that allows users to gamble cryptocurrency on the outcome of a particular event, ranging from sports games to election outcomes to niche wagers on movie box office results. Each individual prediction ma

Kalshi closes $185M round as rival Polymarket reportedly seeks $200M

Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm, bringing the company’s valuation to $2 billion post-money, representatives from Paradigm and Kalshi confirmed to TechCrunch. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Matt Huang, co-founder and managing partner at Paradigm, told TechCrunch in an emailed statement. “There’s no better team than Kalshi to scale prediction markets and reshape how people think about