Google engineer charged over $1.2M Polymarket insider-trading scheme
Federal prosecutors charged Google software engineer Michele Spagnuolo with commodities fraud, wire fraud and money laundering after alleging he used confidential Google data to trade on Polymarket. The criminal complaint was unsealed on May 27, 2026, and prosecutors said the trades generated more than $1.2 million in profit.
Spain Orders Temporary Block of Polymarket and Kalshi
Spanish authorities opened sanction procedures on May 26, 2026, and ordered a provisional block of Polymarket and Kalshi, saying both platforms operated in Spain without the licences required under national gambling law. The move treats prediction markets as gambling products, creating immediate access and compliance consequences inside Spain.
Polymarket Seeks Full CFTC Clearance for Direct U.S. Access
Polymarket is pursuing broader approval from the U.S. Commodity Futures Trading Commission to let American users trade directly on its primary on-chain prediction market. The effort would move the platform beyond its current intermediated U.S. structure and place its blockchain-native exchange model more directly under federal supervision.
Trader turns $676 into $67.000 on Polymarket after Bruce Buffer miscalls UFC result
A fleeting error in the UFC cage turned into one of the most striking prediction-market trades of the weekend. A Polymarket user turned a $676 position into roughly $67,000 after Bruce Buffer briefly announced the wrong winner in the heavyweight bout between Marcin Tybura and Tyrell Fortune on March 29, 2026.
Polygon Briefly Overtook Ethereum in Daily Fees After Polymarket’s Oscar Markets Drew $15M
Polygon collected about $407,100 in daily transaction fees, exceeding Ethereum’s roughly $211,700 on the same day, as Polymarket’s Oscar 2026 prediction markets concentrated heavy activity onto Polygon’s Layer 2 rails. The key signal is that a single high-throughput, cost-sensitive application can temporarily re-route fee capture away from the Ethereum mainnet and onto a preferred execution […]
Israel Charges Reservist and Civilian Over Alleged Polymarket Bets Using Classified IDF Intelligence
Israeli authorities charged an army reservist and a civilian alleging they used classified military information to place wagers on the crypto prediction market Polymarket, according to a joint statement from the Shin Bet, the Defense Ministry, and Israel Police. Prosecutors say the betting activity generated roughly $150,000 in winnings tied to the timing of military […]
Polymarket Sues Massachusetts, Citing CFTC Preemption After Judge Bars Kalshi Sports Markets
Polymarket escalated its fight with state regulators by filing a federal lawsuit on February 9, 2026 in the U.S. District Court for the District of Massachusetts. The company is seeking to block state-level enforcement after a Massachusetts judge ordered rival Kalshi to stop offering sports-event contracts in the state, setting up a high-stakes conflict between […]
Opinion raises $20 million as prediction markets draw record capital amid weak crypto market
Opinion, a blockchain prediction market platform similar to Polymarket or Kalshi, announced today, February 4, that it has raised $20 million in a pre-Series A funding round. This investment has been backed by Hack VC, Jump Crypto, Primitive Ventures, and Decasonic, among others, and shows us that prediction markets are not a passing fad, but […]
Polymarket Hit by Fresh Europe Crackdowns as Hungary, Portugal Block Access
Polymarket, a blockchain-based prediction market, faced a new wave of regulatory pressure in mid-January 2026 after Hungary and Portugal moved to restrict access, framing paid prediction markets as unlicensed gambling. The immediate risk is operational: domain blocks, cease-and-desist timelines, and ISP-level enforcement can fragment access and liquidity in ways that directly impact execution quality.
Lighter’s LIT Tokenomics Split Defi As Polymarket Bets Top $74M
Lighter’s LIT token launch on December 30, 2025, landed less like a quiet TGE and more like a full-scale liquidity event. Roughly $74 million was wagered on Polymarket around the launch and initial valuation, turning tokenomics into an immediate market referendum.