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Polymarket draws scrutiny over bets on criminal trials

Regulation

Polymarket users wagered more than $100,000 on the expected verdict in Lindsay Clancy’s murder trial and a further $500,000 after a deadlocked jury led to a mistrial, according to the report. The Commodity Futures Trading Commission proposed limits in June on event contracts concerning subjects including war, terrorism and assassination, while a federal court in Chicago is implementing rules barring staff from wagering with work-related information.

Trial-related contracts raise concerns about jury impartiality and the use of confidential court information.

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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.

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