#polymarket

#polymarket

One trader has made close to $1 million through Polymarket since 2024 after making dozens of accurate five-figure bets on actions that the U.S. and Israel militaries had taken against Iran.

The wallets definitely [look like] someone with some degree of inside info, said Ben Yorke, formerly a researcher with CoinTelegraph, now building an AI trading platform called Starchild.

Kalshi's valuation comes as the company trades punches with Polymarket in a heavyweight duel for the top spot in the prediction market industry. Earlier in March, both companies were reportedly eyeing valuations of $20 billion each.

The marketing stunt has been launched by Polymarket, a company that has made a name for itself by letting people bet on real-life occurrences, like celebrity news and political events. The Polymarket grocery is scheduled to open on February 12, with passersby able to walk in and pick up groceries without shelling out cash. The idea is that a fully-stocked market won't require any purchase from New Yorkers to access groceries inside the store.

Polymarket, the cryptocurrency-based prediction market, announced on Tuesday it would be opening New York City's first free grocery store, seemingly a nod to the mayor's signature policy. In a statement the firm said it hoped to empower every New Yorker to achieve food security for good, and that it had donated $1m to the Food Bank for NYC. The eponymous Polymarket store, however, will apparently only run as a temporary pop-up, and despite supposedly opening on 12 February its location has yet to be announced.

Through our partnership with MLS and Leagues Cup, we can surface real-time collective sentiment around key moments, matches, and season-long storylines, giving fans a more interactive, data-driven way to experience the game and engage with the world's most popular sport.

Kalshi and Polymarket maintain their platforms offer "event contracts" between private parties that should be regulated like commodities rather than traditional gambling subject to state oversight; an argument that has received pushback from government officials, NBC Chicago said. Companies like Kalshi and Polymarket should "package sports betting as events contracts" to circumvent established gaming regulations, state attorneys general claimed in a lawsuit in June.

Thanks to the rise of cryptocurrency, it's never been easier to place inscrutable bets with shady grey-market bookies. The kingpin presiding over this dubious corner of the gaming industry is currently Polymarket, a crypto platform which lets users place bets on the outcomes of weather catastrophes, political elections, and economic crises. Aided in large part by Trump administration deregulations, Polymarket has become the go-to for bettors eager to cash in on geopolitical strife.

"I think at some point" the Supreme Court will settle the matter," Coplan said.