Market Chatter: Polymarket Preparing US Return With Sports Betting Focus

MT Newswires Live

10/29

Polymarket is preparing to return to the US in the coming weeks with a focus on sports betting, Bloomberg reported Tuesday, citing people familiar with the matter.

Initial trading on the prediction market platform is likely to begin by the end of November but won't be broadly available at launch, the people said, adding that the timing could allow Polymarket to capture more activity during the peak US football and basketball season.

Polymarket paid a $1.4 million penalty in 2022 to settle Commodity Futures Trading Commission allegations of illegal trading that forced it offshore, according to the news outlet.

Polymarket did not immediately respond to MT Newswires' request for comment.

Shares of Flutter Entertainment (FLUT) and DraftKings (DKNG) were down nearly 3% and 6% in recent Tuesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 238.04, Change: -6.51, Percent Change: -2.66

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 238.04, Change: -6.51, Percent Change: -2.66</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861559042.SGD","symbol_name":"日興方舟顛覆性創新基金B SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2579993698","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579993698","pubTimestamp":1761676332,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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