Loose Polymarket controls lead to $10 million fraud scheme

Polymarket also suffered other breaches as it reportedly sacrificed security for growth.

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Polymarket CEO reportedly put growth over fraud concerns as Kalshi fights 'fake crypto volume' claims

Polymarket CEO Shayne Coplan urged staff to focus on growth over regulatory consequences as fraudsters attempted to steal at least $10 million from its U.S. platform, the Wall Street Journal reported.

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Polymarket starts European lobbying blitz to win over financial watchdogs

US prediction markets platform is seeking to be regulated as a financial services firm rather than under a patchwork of gambling legislation
Crypto Briefing

Polymarket loosened anti-money-laundering controls amid $10M fraud attack using stolen debit cards

Polymarket faced a $10M fraud attack using stolen debit cards after CEO Shayne Coplan reportedly ordered staff to prioritize growth over
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Polymarket Bettors Called Earnings Right 78.5% of the Time. Wall Street Analysts Managed 43.7%

Prediction market bettors on Polymarket called quarterly earnings correctly 79% of the time, while the Wall Street analyst consensus was right 44% of the time, according to Beating the Earnings Game,

The morning risk report: Polymarket’s rush to grow left a door wide open for fraudsters

Plus: Crypto blew its big moment and now everyone is pointing fingers, and how Harley-Davidson became a tariff punching bag.