SectorWire
SearchGet the daily briefing
Menu

Ireland’s finance minister orders analysis of Polymarket election trading

Regulation

Irish Finance Minister Simon Harris said he had asked officials to analyse trading on Polymarket’s Dublin Central by-election market. He raised concerns about the volume and possible money-laundering risks, while saying he had no evidence of wrongdoing by election candidates. The source reported $1,142,177 traded on the market, including $525,389 on Gerry Hutch.

The requested analysis puts Polymarket trading under scrutiny for volume and possible money-laundering risks, without evidence of candidate wrongdoing.

Request a correction

Keep reading

Regulation

French police investigate suspected insider betting on Ballon d’Or

French police opened an investigation into suspected insider trading linked to bets on the Ballon d’Or, according to the report. It said 12 Polymarket accounts correctly predicted the top five in order, with about €250,000 wagered and nearly €200,000 in net winnings; the event organiser said it was investigating and planned to notify authorities.

French police have opened an investigation into suspected insider trading connected to bets on this year's Ballon d'Or award, according to the report. Investigators found activity on the crypto-based prediction platform Polymarket, the report said.

Continue reading