Prediction market bets on war defy odds
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
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Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
A Wall Street Journal investigation found that the prediction market paid content creators to produce videos of fake trades purporting to show big financial gains.
The Commodity Futures Trading Commission has sued nine states to block them from regulating prediction markets such as Kalshi and Polymarket.
A new report from The Wall Street Journal alleges that Polymarket paid content creators to post videos about winning bets that did not exist. Caitlin Ostroff, one of the reporters who broke the story, joins "The Takeout" to discuss.
Polymarket tells CBS News it is auditing its promotional content in response to a recent investigation by the Wall Street Journal. The newspaper found that the prediction market paid online content creators to produce videos showing them collectively winning a total of $1.9 million, but the Journal says those bets weren't real. One of the article's authors, Neil Mehta, joins "The Daily Report" to discuss.
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
Prediction market platforms give fans the chance to make money on anything from predicting where Taylor Swift will get married to major sports. But a recent study found the top 1% of traders on Polymarket capture more than three-quarters of all gains. Jo Ling Kent spoke with a prediction market trader who wrote an AI-powered computer program to help him win big.
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits.
A Google employee has been arrested for allegedly using insider information to make $1 million on Polymarket. Dustin Gouker, publisher of the Event Horizon newsletter on prediction markets, joins CBS News to discuss.
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
First, prediction market bets on war defy odds. Then, London's cabbies skeptical about robotaxis. And, Christopher Nolan: The 60 Minutes Interview.
More than $1 billion has been bet online on military decisions and outcomes this year on Polymarket. Some wagers have been suspiciously timed, with information seemingly coming from insiders.
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
Incidents in which people apparently used exclusive knowledge to score handsome profits raise the question: Are prediction markets safe places for news junkies to bet on events - or dens of insider trading?
A U.S. special forces soldier was arrested Thursday for allegedly using confidential government information to make more than $400,000 off the arrest of former Venezuelan President Nicolás Maduro on Polymarket. CBS News homeland security correspondent Nicole Sganga has the details. Then, Dennis Kelleher, CEO of financial regulation nonprofit Better Markets, joins with analysis.
Second round of U.S.-Iran peace talks expected this weekend; U.S. soldier charged for allegedly using confidential info to bet on Maduro's removal.
A U.S. special forces soldier was arrested and charged for allegedly placing bets on Polymarket with information preceding the public announcement of Nicolás Maduro's removal from Venezuela. CBS News' Nicole Sganga reports.
Federal investigators believe U.S. Army Master Sgt. Gannon Ken Van Dyke placed bets on the prediction market Polymarket before a January announcement that Maduro had been captured, a source tells CBS News. Nicole Sganga reports and contributor Elliot Ackerman joins with more insight.
A U.S. Army soldier is under arrest on Thursday after allegedly helping to plan and execute the capture of Nicolas Maduro and using that advanced knowledge to make a series of big bets on the prediction platform Polymarket.
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
Prediction market bets on the fate of U.S. service members are "morally corrupt and completely unacceptable," one lawmaker said.
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U.S. forces launched a new round of airstrikes against Iran Saturday evening at the direction of President Trump following the deaths of two U.S. service members.
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On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Lettuce from supplier Taylor Farms was linked to a parasitic disease in an FDA investigation. The FDA advised consumers should avoid shredded iceberg lettuce distributed to Taco Bell locations in Indiana, Kentucky, Michigan, Ohio and West Virginia. Taco Bell said it removed the lettuce, and Taylor Farms voluntarily recalled their impacted product.
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On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
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