Latest iGaming and regulatory news tagged Polymarket.
Polymarket has cut ties with George Santos following an insider trading investigation. The move comes amid a week that also saw a New York bar place a $5,000 bet on the Knicks.
Lawyers in South Korea have warned that trading on prediction markets could violate gambling laws after a Polymarket user profited $160,000 from a Seoul mayoral election contract. The incident has raised regulatory concerns about the legality of such…
Polymarket has filed a lawsuit against Minnesota in federal court, challenging the state's ban on prediction markets. The operator joins the CFTC and Kalshi as plaintiffs in the case, arguing the law is unconstitutional.
Nevada obtained a preliminary injunction against Polymarket, marking the state's latest legal win against prediction market operators. The Nevada Gaming Control Board announced the court ruling, which follows similar actions against Kalshi, Coinbase, Robinhood, and Crypto.com.
