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Suspected Ballon d’Or leak puts Europe’s prediction-market rules under scrutiny

Regulation

On 23 October, twelve Polymarket accounts reportedly wagered $264,000 on the exact order of the 2026 Ballon d’Or men’s top five, three days before the ceremony; six allegedly bet within 15 minutes of account creation. France Football reportedly contacted police, who opened an investigation, while French lawyer William O’Rorke said EU insider-trading rules may not cover bets on prize awards. This has renewed scrutiny of Europe’s prediction-market rules.

The case highlights uncertainty over how gambling and financial rules apply to prediction-market wagers.

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Ro Khanna urges Congress to ban sports contracts on prediction markets

California representative Ro Khanna called on Congress to prohibit sports contracts offered by prediction markets, arguing that they evade state and tribal gambling laws. The debate includes a bill introduced by Adam Schiff and John Curtis that would ban sports and casino-style contracts; prediction market operators reject the characterisation of their products as sports betting.

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