Ifrah Law appointed Michelle Cohen as managing partner and recruited six professionals across iGaming regulation, litigation, compliance and operations. It also promoted Sara Dalsheim to counsel; Polymarket reportedly dismissed CMO Matthew Modabber, but neither the company nor Modabber confirmed the move.
The appointments add legal and compliance capacity relevant to companies facing iGaming regulation and litigation.
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Reportedly, Polymarket hired a former Uber vice-president as chief growth officer. The appointment comes as Polymarket expands its US operations.
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.
French police are investigating whether Polymarket account holders had confidential information before the Ballon d’Or result was announced, according to anonymous police sources. No leak or criminal offence has been established.
Polymarket and Crypto.com-owned OG.com filed separate federal lawsuits against Arkansas officials, seeking to prevent enforcement of state gambling laws against their event-contract markets. Both companies cite the state’s recent case against Kalshi as evidence that they could face enforcement; the suits argue federal law pre-empts Arkansas law.
Prediction-market operators Polymarket and OG, which is owned by Crypto, have brought separate federal suits to stop Arkansas from applying state gambling laws to their markets. Their defendants include Attorney General Tim Griffin and members of the Arkansas Racing & Gaming Commission, according to the source.
Polymarket said its annual revenue run rate exceeded $1.8bn, surpassing the $1bn forecast it gave in June. The company also reported $14.5bn in notional volume on its US platform last month, more than triple the $4bn recorded four months earlier.
Polymarket said its annual revenue run rate exceeded $1.8bn, above the $1bn forecast it gave in June.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.