Polymarket

The FBI has reportedly seized Polymarket CEO Shayne Coplan’s devices, possibly tied to the platform’s prediction of Trump’s election victory. While no charges have been filed, sources suggest market manipulation is under investigation. Meanwhile, France’s gambling regulator may block Polymarket’s operations. Is this the beginning of the end for the decentralised betting platform?

Polymarket is considering a token launch to sustain its recent trading surge. However, it faces challenges, including growing regulatory scrutiny. The key question is whether it can maintain its post-election momentum or will be remembered solely for its election-driven success.

France’s gambling regulator is reportedly moving to ban Polymarket after it saw $3.5 billion in trades during the recent US election. The platform caught attention due to a French citizen’s large bets, underscoring rising regulatory scrutiny on decentralised betting in areas with strict gambling laws.

Crypto whales made significant profits from betting on Trump’s victory in Polymarket, with one account, "Theo4," earning over $20.4 million. The platform saw a record $3.2 billion in election-related bets, reflecting intense interest and high returns from prediction markets.

With the U.S presidential election just one week away, it seems that Trump is having a crushing lead against his democratic opponent, Kamala Harris, on Polymarket.

Polymarket, a decentralized prediction market that enables users to wager on world events using cryptocurrency, has proven to be an uphill battle for most of its participants. Recent onchain data from analytics tool Layerhub revealed that only 12.7% of crypto wallets on the platform have turned a profit, highlighting the risky and often costly nature of betting on real-world events via blockchain technology.

Trump's rising odds on Polymarket have raised suspicions of market manipulation, but analysts suggest that the increase is likely driven by speculative trading and emotional sentiment, rather than concrete campaign developments or polling data.

"The Mystery of Bitcoin" may reveal the true identity of Bitcoin founder Satoshi Nakamoto. What is the connection between Len Sassaman, the coding genius who died young, and Satoshi Nakamoto?

Nick Szabo has become the leading candidate to be Satoshi Nakamoto, the mysterious creator of Bitcoin, as his odds on the betting platform Polymarket rise to 28.3%. This shift follows producer Cullen Hoback's claim that he confronted the real Nakamoto, suggesting that the true creator is still alive, while former frontrunner Len Sassaman's odds have plummeted to 8.5%.

Polymarket users have reported their wallets being drained after logging in with Google accounts, though those using MetaMask or TrustWallet extensions were unaffected. Polymarket claims the issue is isolated, but affected users remain concerned.