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Tag: polymarket
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Iowa Prediction Market Bill Advances, Would Tax Kalshi
Iowa lawmakers have advanced a bill that would create state-level regulation and taxation for federally regulated “prediction markets.” These are stock-market-style gambling platforms that allow users to wager on real-world events, including sports, elections, lotteries, legislative actions, and economic indicators. The bill, originally introduced as Senate File 2085, has been renumbered as Senate File 2470.…
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Kentucky Derby Owner Warns Prediction Markets Over Illegal Bets
The Kentucky Derby owner has warned prediction markets not to take bets on May’s race. In an earnings call on Thursday, Churchill Downs CEO Bill Carstanjen said that his company has not given any prediction market permission to facilitate gambling on the Kentucky Derby. In 2025, Polymarket, a leading prediction market, had around $1.2 million…
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What Is A Prediction Market?
A prediction market is a platform that facilitates betting on countless real-world events, spanning politics, culture, economics, and sports. Its defining feature is the buying and selling of contracts. Prediction markets are peer-to-peer, meaning users bet against each other, with the platform typically charging transaction fees. This is distinct from a betting platform that offers…
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I Visited Polymarket’s Closed Grocery Store. It Was A Cry For Help.
As state governments across the country scrutinize prediction markets such as Polymarket for allegedly operating illegal sports gambling, the nascent industry responds with high-profile revolving-door lobbyists and free grocery stores. I visited Polymarket’s now-shuttered grocery in Lower Manhattan, New York City. It was a brisk, sunny afternoon. Dozens of people queued on the sidewalk. Workers…
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Gambling Site Essentially Took Bets On NASA Astronauts Dying In Explosion
Polymarket offered bets on the outcome of the upcoming NASA Artemis II mission, specifically on whether it would explode. Four astronauts are scheduled to be onboard. Artemis II is NASA’s first crewed lunar flyby in 50 years. The launch is expected this year, but the exact date remains undetermined. Meanwhile, Polymarket, a stock-market-style prediction platform,…
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