The FBI raided Polymarket CEO Shayne Coplan's Manhattan apartment, seizing his phone and electronic devices. A source close to the matter told The New York Post it was politically motivated due to Polymarket's successful prediction of Trump's election win. It's "grand political theater at its worst," the source said. "They could have asked his lawyer for any of these things. Instead, they staged a so-called raid so they can leak it to the media and use it for obvious political reasons." Although no charges were filed, the raid has sparked controversy, with speculation of political retribution and concerns over potential market manipulation, as Polymarket faces scrutiny both in the U.S. and from French regulators. The New York Post reports: Coplan was not arrested and has not been charged, a Polymarket spokesperson told The Post on Wednesday evening. "Polymarket is a fully transparent prediction market that helps everyday people better understand the events that matter most to them, including elections," the rep said. "We charge no fees, take no trading positions, and allow observers from around the world to analyze all market data as a public good." Coplan posted on X after his run-in with the feds: "New phone, who dis?" Polymarket does not allow trading in the US, though bettors can bypass the ban by accessing the site through VPN. The FBI's investigation comes a week after Coplan said Polymarket is planning to return to the US. [...] In 2022, the online gambling platform was forced to pause its trading in the US and pay a $1.4 million penalty to settle charges with the Commodity Futures Trading Commission that it had failed to register with the agency. [In France, regulators are investigating Polymarket's compliance with national gambling laws, with concerns about unauthorized gambling activities within the country.] A Fortune report published a week before the election found widespread evidence of wash-trading on Polymarket. "Polymarket's Terms of Use expressly prohibit market manipulation," a Polymarket spokesperson told Fortune in a statement.

Read more of this story at Slashdot.

Corrupt betting practices, a phenomenon that we've seen many times in the past linked to many sports, namely football, tennis and pool, has now arrived to eSports. The RoX.KIS DotA 2 player Alexei "Solo" Berezina was caught betting against his...

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Following a new report that Indians are the most sleep-deprived after the Japanese, the Swedish brand presents a collection designed to help insomniacs

While the Red Sox aren't the odds-on for any player, they hold the third-best odds or better for three of the top free agents.

The post Red Sox listed among betting favorites for handful of top free agents this offseason appeared first on Boston.com.

The Need for Identity Verification in Sports Betting Platforms

Intuitive complementary sports betting app empowers sports bettors with insights across major sports books and betting platforms

Payperhead.co

What is the metaverse and why is Facebook betting big on it?

By JM McNab Published: November 12th, 2024

"Frida: Beyond the Myth" aims to paint an intimate portrait of the artist through dozens of works created by Kahlo and photographs taken by her loved ones

Yahoo today announced that it has acquired Wagr, a three-year-old social sports betting startup based out of Nashville. Terms of the deal were not disclosed. TechCrunch, whose parent company happens to be the now Apollo-owned Yahoo, covered Wagr way back at its inception in 2020 at one of its early investor’s demo days. We noted […]

© 2024 TechCrunch. All rights reserved. For personal use only.

The searches were conducted as part of a probe into Fairplay, which was involved in illegal broadcasting of cricket, IPL matches, and online betting.

Buying a home with extra amenities can be a risky proposition, but it can also offer significant gains.

Mercedes-Benz, Ferrari, Porsche and Lamborghini are some marquee badges that have introduced track cars to excite hard-core customers who want to push their cars to the limit, says Pavan Lall.

The fund manager sees opportunities in sectors such as education and microfinance.

The post We are betting on the Indonesian consumer story: Northstar co-founder Walujo appeared first on DealStreetAsia.

Is India’s first IPO of a credit card issuer an opportunity with boundless prospects or a victim of arrested development?

The post SBI Cards betting on millennial-driven growth story in upcoming share sale appeared first on DealStreetAsia.

Omise dominates in Thailand thanks to its extensive relationships, but other markets pose more of a challenge.

The post Thai fintech startup Omise is betting on blockchain to cash in on e-commerce growth appeared first on DealStreetAsia.

There are six confirmed matches on Sunday's card.

Study finds that moisturizer with sunscreen isn't as effective as straight sunscreen.

IKEA's innovation lab, SPACE10, has been busy updating meatballs, burgers and hotdogs to focus on bugs, algae and plants.

The Harvard University endowment fund lost $10 billion in 2009. Unable to dump toxic investments, the university had to find new ways to recoup this 27 percent

A 'prediction market' is betting on the outcome of Copenhagen. Here are 4 experts making their own predictions for COP15.

Harman Johar is an entomologist and businessman who believes this acquired taste is sensible, stylish and sustainable.

Bill Gates, Mark Zuckerberg and other billionaires have announced a new private coalition to help fund development of nascent sustainable technologies.

The cricket world cup is the most high profile event in world cricket and record amounts of betting interest are predicted.

They'll take bets on any sport from snooker to American football, but right now AllYouBet.ag bookmakers have their eyes on basketball and hockey. Other events currently trending include Champions League soccer and both ATP and PGA Tour action.

There's good news for punters around the globe as Cocotero release their latest sports betting guide just in time for the start of the new football season.

Jim McIngvale, aka Mattress Mack, is a legendary Houston, Texas, furniture store owner who's brought his unique brand of marketing to the Thoroughbred world. If you're not familiar with his medication-free champion sprinter Runhappy, the Claiborne Farm stallion he's been promoting the last several years, there's no point in reading any further. You're clearly from […]

The post ‘We Need To Get In The Game’: McIngvale Urges Racing To Embrace Lower Takeout, Millennials’ Thirst For Sports Betting Action appeared first on Horse Racing News | Paulick Report.

A server for facilitating real-time betting, wherein the server communicates with clients via a distributed computing network. The server includes a memory storing an operating system, an instruction set, event data related to a sporting event, gambler data related to gamblers participating in a competition based upon the sporting event and site data related to electronic pages associated with the real-time para-mutuel betting. A processor runs the instruction set and communicates with the memory and the distributed computing network. The processor is operative to enroll the gamblers by presenting betting rules associated with the sporting event, collect wagering from the gamblers, accept predictions for discrete events within the sporting event from each gambler and determine a first winner of the competition based upon the predictions. Applications include lotteries with entries received from mobile devices.

Okay, so trying to predict what may happen in a full slate of NFL games — the first of which isn’t scheduled to kick off for at least four months — may seem like an exercise futility. Betting on any of those games may be even more of a foolish endeavor. But if you really […]

Okay, so trying to predict what may happen in a full slate of NFL games — the first of which isn’t scheduled to kick off for at least four months — may seem like an exercise futility. Betting on any of those games may be even more of a foolish endeavor. But if you really […]

Betting on horse races has taken a dive amid a slew of scandals that hit the industry this year, but racing experts say a combination of factors are coming together at the wrong time for Racing Victoria.

The Music Industry Is Making An Early Bet On VR & AR To Create New Revenue Streams Across All Their Lines Of Business

Legal sports gambling comes to Colorado on May 1, and despite the absence of most major league competitions, several sportsbooks are ready to bring wagering entertainment to Centennial State residents.

USC and UCLA play Arizona and Arizona State this week on the eve of the Pac-12 tournament. All have performed well against the spread lately.

It's a sunny day in March and "Machine Planet" is flying a single-engine Cessna over Northern California.

Getting a jump on early lines can give bettors added value in their wagering. Here are three teams to focus on for Week 4.

Getting a jump on early lines can give bettors added value in their wagering. Here are three teams to focus on for Week 5.

Khalil Mack has helped turn the Bears into a solid commodity in the betting market.

The work of Chargers quarterback Philip Rivers shouldn’t go unnoticed.

Washington is a good bet to win at least two of their next three games (42 percent chance), with 3-to-1 odds to win all three.

The Seahawks are barely over .500, but they measure up in a critical statistic that has helped narrow the field of likely Super Bowl teams.

The Saints' defense has some work to do — it is allowing 2.5 points per drive, fourth-most in the NFL — but New Orleans compensates for that by scoring 3.3 points per drive on offense, second-most after the Kansas City Chiefs.

The Colts' QB is playing at an MVP level, completing 83 of 112 attempts (74 percent) for 977 yards, 13 touchdowns and one interception during the Colts' four-game winning streak.