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French police investigate possible insider information in Ballon d’Or betting

Regulation

French police are investigating whether traders on Polymarket had confidential information about the Ballon d’Or result, after 12 accounts correctly predicted the top five in order. France Football contacted the police gambling unit after the ceremony and said it was preparing a complaint; no leak or criminal offence has been established.

The investigation highlights scrutiny of betting on award outcomes, although no leak or criminal offence has been established.

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Regulation

Masto says sports prediction markets are gambling and criticises CFTC directive

Nevada senator Catherine Cortez Masto said sports prediction markets constitute gambling and criticised a CFTC directive on access to federally regulated exchanges. The directive gave exchanges 30 days to comply or explain why they could not, a requirement that the coverage says complicates operators’ responses to state court orders.

Federally regulated exchanges have 30 days to lift restrictions based on traders’ residence within the United States or explain why they cannot, under an order issued last week by the CFTC. The order added compliance difficulties for prediction market operators facing court-ordered access limits in states including Michigan, Nevada and Washington.

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