Tag: Polymarket

Backing Polymarket’s primary favorites would have lost 4%, new audit finds.

A new Bitquery audit reveals that backing every favorite candidate on prediction market Polymarket during 2026 US primaries would have resulted in a 4 percent loss, despite an 87 percent win rate.

Polymarket’s upgrade won’t automatically move existing bets to new contracts

Polymarket's Protocol V2 rollout does not automatically transfer existing wagers from the older Conditional Tokens Framework to new contracts, requiring distinct balance handling and trading approvals.

New York sues Polymarket, seeks triple gains and $100,000 penalties over prediction markets

New York Attorney General Letitia James has filed a lawsuit against Polymarket, alleging that its US prediction platform operates as an unauthorized gambling enterprise offering event contracts without a state permit.