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Wintermute is providing liquidity on the two biggest prediction markets, linking flows for both firms, according to a source familiar with the matter.
Polymarket executive Josh Stevens said identity checks apply only to early beta access and are not being added to Polymarket’s existing platform.
Michele Spagnuolo allegedly traded under the handle ‘AlphaRaccoon’, netting $1.2m on Google’s Year-in-Search outcomes. It is the second federal criminal case tied to Polymarket. Federal prosecutors in the Southern District of New York have charged Michele Spagnuolo, a 36-year-old Google information-
The Justice Department and the CFTC allege that Google software engineer Michele Spagnuolo profited $1.2 million on Polymarket after accessing non-public information at work.
A Google engineer faces charges for allegedly using confidential company data. He is accused of rigging bets on Polymarket, a prediction platform. These bets were tied to Google's most-searched list. He reportedly made over a million dollars in profits. Authorities are investigating such insider tra
The predictions market operator reportedly explored mandatory user verification requirements, breaking from its policies of allowing traders to access its services using pseudonyms.
US states have also tried to regulate Polymarket and Kalshi, but the federal government isn't having any of it.
The platforms were blocked for operating without licenses required by Spanish gambling law, citing a lack of safeguards for minors and self-excluded gamblers.
