From The Boston Globe · · 1m 10s
Polymarket Cuts Cornell Wager Contract
Polymarket removes contract allowing users to wager on Cornell rape accused men's charges.
In brief
Polymarket removes contract allowing users to wager on Cornell rape accused men's charges. Polymarket removed a prediction market contract that let users wager on whether seven men accused of raping a Cornell student in 2024 would be charged with felony sex crimes. Originally reported by The Boston Globe.
Polymarket removes Cornell wager contract
Polymarket removed a contract from its prediction market platform that allowed users to wager on whether any of the seven men accused of raping a Cornell student in 2024 will be charged with a felony…
Market closed with $450k volume
The market had more than $450,000 in volume before it was taken off Polymarket’s international platform.
US regulator bans unlawful trading
The company’s US exchange is regulated by the US Commodity Futures Trading Commission, which bans trading related to 'activity that is unlawful under Federal or State law'.
Polymarket removes market
Polymarket removed the market after stating its goal is to bring objective, data-driven insight to the most important questions of our time.
Celebrity endorsements under scrutiny
LeBron James, Derek Jeter, Eli Manning, and Sue Bird have endorsement deals with Polymarket and appeared in a commercial that also included cameos by several celebrities.
The takeaway
Polymarket removed a prediction market contract that let users wager on whether seven men accused of raping a Cornell student in 2024 would be charged with felony sex crimes.
