Tag: polymarket

White House Teleprompter Operator Placed Bets On Trump Speeches

Source: John Moore / Getty A White House teleprompter operator is currently under federal investigation for placing Kalshi bets on President Donald Trump’s speeches.  Crazy that a teleprompter operator is facing more consequences for financial benefit from his job than the actual President of the United States. NPR reports that Gabriel Perez is currently in […]

Read More

Prediction Markets Are Learning From the Addiction Industry

In many ways, this effort mirrors that of prediction markets today, which claim to offer a different, better product for their customers than traditional gambling. But the rise in prediction markets has not led to a decline in gambling addiction, nor does it truly offer its customers a healthier option to gambling. According to one […]

Read More

The Media’s Embrace of Prediction Markets Could Be a Devil’s Bargain

These partnerships could also potentially help prediction markets in future legal arguments, if they need to make the case that there is added societal benefit to their product. Several states have filed lawsuits against prediction markets, alleging that they violate state gaming laws. The Trump administration has pushed back, suing some states for trying to […]

Read More

White House Begs Staffers to Stop Placing Bets on Prediction Markets

“In the Administration’s view, the records of the official activities of the President and nearly 1,000 White House employees—generated using taxpayer funds, on government property, regarding official government business—belong to the President personally, and not to the American people,” the complaint reads. “Government for the people, by the people, and of the people this is […]

Read More

One “Lucky” Trader Made $1 Million on Polymarket Iran Bets

But Iran’s foreign ministry quickly denied the news and claimed that there has been “no dialogue” between the two countries, with one top official adding that Trump “retreated after hearing that our targets would be all power plants in West Asia.” When questioned about Iran’s response later on Monday morning, Trump stuck to his story.  […]

Read More

One “Lucky” Trader Made Nearly $1 Million on Polymarket Iran Bets

But Iran’s foreign ministry quickly denied the news and claimed that there has been “no dialogue” between the two countries, with one top official adding that Trump “retreated after hearing that our targets would be all power plants in West Asia.” When questioned about Iran’s response later on Monday morning, Trump stuck to his story.  […]

Read More

One “Lucky” Trader Hit Jackpot on Polymarket With Iran Bets

But Iran’s foreign ministry quickly denied the news and claimed that there has been “no dialogue” between the two countries, with one top official adding that Trump “retreated after hearing that our targets would be all power plants in West Asia.” When questioned about Iran’s response later on Monday morning, Trump stuck to his story.  […]

Read More

Prediction Markets Are Eroding Our Civic Soul

Compared to what you can bet on now, the small-beer trading on presidential futures at one of the earliest “world event” platforms, the Iowa Electronic Market, seems quaint or even harmless. Kalshi partner CNN has some restrictions around the goriest markets; both CNN and Kalshi’s newest partner, the AP, have positioned their use of the […]

Read More

Trump’s CFTC Tries to Stop States From Regulating Prediction Markets

That November 2024 meeting involved Kirk, Trump, TikTok CEO Shou Zi Chew, and a slideshow with a swath of visual graphics that Kirk knew would sway the incumbent Republican. Kirk and Chew wanted to stall the impending congressional ban on the app, and they succeeded by appealing to the president’s vanity. One slide, obtained by […]

Read More