Katherine Long
Verified account This account is verified. Learn more@ByKLong
Reporter at the @WSJ, via @businessinsider @seattletimes. katherine.long@wsj.com
Send me tips on Signal from a non-work device: longka.38
Send me tips on Signal from a non-work device: longka.38
2.4K Following 11K Followers 777 Posts
Latest posts 5
via @ceostroff @byneilmehta @skesslr @KevinTDugan
"A wallet belonging to a suspected attacker appeared to show more than $2.5 million in funds drawn from Polymarket user accounts...The money was transferred in more than 900 transactions."
wsj.com/business/polym…
"A wallet belonging to a suspected attacker appeared to show more than $2.5 million in funds drawn from Polymarket user accounts...The money was transferred in more than 900 transactions."
wsj.com/business/polym…
We've identified & fixed an issue impacting our international platform, Polymarket.com. One of our 3rd party providers was compromised, and we have referred this to relevant law enforcement.View quoted post on X
Anyone who has been impacted will be made whole.
Out of an abundance of caution, we have temporarily halted trading & are working to bring the platform back online.
New with @ceostroff: Nearly all recent trading volume on FIFA’s official prediction market partner has been made by a small network of accounts funded by the same wallet that collects the platform’s trading fees.
Similar patterns also accounted for most of the trading during the World Cup.
wsj.com/finance/nearly…
Similar patterns also accounted for most of the trading during the World Cup.
wsj.com/finance/nearly…
www.wsj.com Exclusive | Nearly All Volume on FIFA-Linked Prediction Market Is Circular Trading ADI Predictstreet, backed by Abu Dhabi’s royal family, paid close to $150 million for advertising rights during the World Cup. When we wrote about a $5 billion flurry of same-size trades in Kalshi's perps market, the company said sophisticated traders were sniping stale quotes. A new analysis from @G_Insider raises questions about that explanation.
EXCLUSIVE: Gambling Insider's @gary_mcfarlane finds $9.8B in unusual #Kalshi ether trades, challenging the exchange's explanation for the activity.View quoted post on X
@rajivatbarnard tells us he's "starting to have doubts" about his "tolerated sniping explanation."
gamblinginsider.com/news/197128/ka…
CFTC says:
A sports-wagering bet entered into on a sportsbook is not a swap.
A sports-wagering contract entered into on an exchange operated by a sportsbook is a swap.
A sports-wagering bet entered into on a sportsbook is not a swap.
A sports-wagering contract entered into on an exchange operated by a sportsbook is a swap.
.@CFTC Issues Interim Final Rule Excluding Certain Activity from the Definition of Swap: cftc.gov/PressRoom/Pres…View quoted post on X
