From CBS News · · 1m
Polymarket pulls betting market on Cornell assault case
The predictions platform removed a contract allowing bets on whether seven men accused of sexually assaulting a Cornell student would face felony charges, after public outcry.
In brief
The predictions platform removed a contract allowing bets on whether seven men accused of sexually assaulting a Cornell student would face felony charges, after public outcry. Polymarket removed a betting contract on a Cornell sexual assault case after more than four hundred fifty thousand dollars were wagered and…
Polymarket removes assault betting contract
The predictions platform removed a contract allowing users to bet on whether seven men accused of sexually assaulting a Cornell student in two thousand twenty-four would be charged with felony sex crimes.
Over four hundred fifty thousand wagered
More than four hundred fifty thousand dollars had been wagered on the contract before removal. It had been available since September thirtieth and was scheduled to close on January thirty-first.
Celebrity backlash forces platform's hand
Public outcry targeted Polymarket's celebrity promoters including LeBron James, who has an endorsement deal with the platform.An online petition by UltraViolet, a women-led advocacy organization, called on famous endorsers to cut ties with the company.
“we believe in the wisdom of crowds, have heard them loud and clear, and removed the market”
At a glance
Polymarket removed a betting contract on a Cornell sexual assault case after more than four hundred fifty thousand dollars were wagered and public criticism targeted its celebrity endorsers.
