
Polymarket Trader Turns $4 Million into $9 Million on World Cup Bet, Sparking Speculation
A new Polymarket account reportedly transformed a $4 million wager into a $9 million profit by betting against Spain in a recent World Cup match.

A new Polymarket account reportedly transformed a $4 million wager into a $9 million profit by betting against Spain in a recent World Cup match.

Japanese cryptocurrency exchange Bitbank has begun restricting transactions linked to the prediction market platform Polymarket, citing concerns over local gambling laws.

Japanese crypto exchange Bitbank is cautioning users about potential account suspensions for transactions connected to Polymarket, citing national gambling laws.

The CFTC has put forward new regulations aiming to distinguish legitimate prediction markets from gambling, potentially impacting how these contracts operate in the US.

South Korean police are investigating users of Polymarket for alleged illegal gambling, marking the country's first such crypto-related probe.