Tag: polymarket
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ESPN Served Subpoena In ‘Illegal’ Prediction Market Investigation
ESPN, the controversial sports and gambling network, was served a subpoena this week in Connecticut as part of the state’s investigation into prediction-market gambling. Kalshi advertising has appeared during ESPN’s U.S. Open tennis coverage through the courtside signage visible during matches. The Disney-owned network, based in Bristol, Connecticut, was among 15 media organizations to receive…
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The Leopards Are Now Eating The NFL’s Face
The NFL says bets on so-called “prediction markets” sports-gambling platforms are ripe for corruption, insider trading, and manipulation, making them a match-fixing risk in NFL games. It’s a potentially enormous problem, as many fans already partake in the conspiracy theory that the NFL is rigged related to gambling. It’s also an historic “the leopards are…
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LeBron James Joins Polymarket In Controversial Gambling Role
NBA star LeBron James on Saturday announced a “partnership” with Polymarket, a controversial prediction-market gambling platform. James, who recently signed with the Philadelphia 76ers, also had a gambling partnership with DraftKings Sportsbook. His endorsement deal with DraftKings expired earlier this summer, a source told to Front Office Sports. DraftKings is a licensed sportsbook in Pennsylvania,…
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Centuries-Old Law Used In DraftKings, Polymarket Lawsuit
A lawsuit in South Carolina accuses DraftKings Predictions, Polymarket US, and a network of exchanges, clearinghouses, and market makers of facilitating illegal sports betting in the state. The complaint, filed by Attorney James M. Hughes, names DraftKings and Polymarket-related entities, CME, Crypto.com Derivatives North America, Bitnomial, Wintermute, Jump Trading, DRW, IMC, Galaxy Digital, and Virtu…
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Polymarket Parlays Are Called Something Strange, Filing Shows
Polymarket’s U.S.-facing platform plans parlay-style wagers, which it is calling a “Combinatoric Athletic Outcome Contract” or “CAOC,” according to a CFTC filing on Wednesday, May 20. As the prediction market platform continues its long-delayed U.S. rollout, new parlay-style wagering will help it compete with rival Kalshi, the leading player in the nascent sector. Kalshi users…
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