36 stories about Polymarket from across the crypto press, curated and summarized daily. Most recent: Oct 7, 2026.
Polymarket has launched its V2 upgrade, replacing its Gnosis-based system with a single ERC-1155 positions contract and pUSD as collateral. This change aims to streamline trading and reduce gas fees for users.
New York Attorney General Letitia James and Governor Kathy Hochul have sued Polymarket, alleging the prediction market platform operates as an illegal gambling operation without a license. The complaint seeks to block the platform from operating in the state and follows similar actions in France and South Korea.
Polymarket, a decentralized prediction market, faced a $10 million fraud attempt while its CEO reportedly prioritized growth over compliance. Hackers also compromised nearly 500 user accounts using stolen personal information.
The European Securities and Markets Authority (ESMA) has stated that major prediction platforms like Polymarket and Kalshi lack proper authorization to operate in the EU. The regulator also questioned why these platforms block some EU countries but not others, and noted that VPNs can easily bypass these restrictions. Additionally, ESMA warned that prediction markets are "rife with inside trading."
The European Securities and Markets Authority (ESMA) has raised concerns about Polymarket and Kalshi operating in the EU, suggesting their event contracts might fall under existing bans on binary options, the MiCA crypto framework, or national gambling laws. This adds to the platforms' regulatory challenges in multiple jurisdictions.
JPMorgan terminated its banking relationship with Polymarket, a crypto prediction market platform, in late 2025 due to regulatory concerns. This move highlights the ongoing tension between traditional banks and crypto-related businesses.
Polymarket bettors have cut the odds of the CLARITY Act passing this year to a record low as Senate negotiations over ethics provisions remain unresolved.
France has ordered internet service providers to block Polymarket, citing its addictive mechanics, lack of self-exclusion tools, and a high volume of French users bypassing previous financial restrictions.
France's gambling regulator has ordered ISPs to block Polymarket, citing illegal gambling and market manipulation. The platform operates without authorization, violating local gambling laws.
A new Stanford study found that Polymarket's 5-minute Bitcoin prediction markets can be manipulated around settlement times. Researchers suggest longer settlement windows could help prevent this issue.
North Carolina's new budget law defers oversight of prediction markets Kalshi and Polymarket to the CFTC, taxing them at just 6%. This move sets a lower tax rate compared to other states' proposals.
Polymarket has applied to offer margin trading to U.S. customers, following a similar approval granted to Kalshi in March. This could expand trading options but also introduces higher risks for users.
Polymarket has enabled instant self-custodial Bitcoin deposits via the Lightning Network using Spark. This feature allows users to deposit Bitcoin directly from their self-custodial wallets without relying on centralized exchanges.
U.S.-linked wallets traded $571 million on Polymarket’s political prediction markets over the past year, despite the platform being legally barred from serving them. The bets focused on foreign conflicts not available on U.S. platforms.
A bipartisan group of senators is calling for a CFTC investigation into Polymarket following reports that the platform paid creators to stage fake winning bets, raising concerns about market manipulation and transparency.
Polymarket has updated its hack losses to $3.1 million. The platform is also facing investigations over potential false or deceptive marketing practices. Users are awaiting promised refunds.
Senators John Curtis and Adam Schiff have raised concerns about Polymarket's advertising, calling it deceptive and urging the CFTC to investigate, highlighting a 'troubling' report and potential enforcement gaps.
Polymarket will reimburse users after hackers stole millions through a compromised third-party vendor. The platform is working to enhance security measures to prevent future attacks.
Kentucky is moving to regulate prediction markets, putting it at odds with Donald Trump's stance that states should avoid firms like Kalshi and Polymarket. This clash highlights growing tensions between state-level innovation and federal policy in crypto-related markets.
An anonymous Polymarket trader turned about $4 million into a $9 million profit by betting against Spain's World Cup success. The unusual trade has raised questions about luck or insider knowledge.
Quantitative trading firms are hiring aggressively for prediction markets like Polymarket and Kalshi, not to bet on outcomes but to exploit market inefficiencies. This shift signals growing interest in these platforms beyond niche betting.
South Korean police have reportedly launched the country's first illegal gambling probe into local Polymarket users amid election-betting scrutiny. The investigation marks a significant regulatory action against decentralized prediction markets.
Rep. Bryan Steil plans to add prediction markets like Polymarket and Kalshi to a congressional stock ban bill. This move could impact how lawmakers participate in crypto-based betting platforms.
A dispute over whether Strategy's Bitcoin sale happened before the end of May is putting over $50 million in Polymarket bets at risk. The outcome hinges on verifying the exact timing of the transaction, with no clear resolution yet.