Polymarket investigates private key compromise, no contract exploit found

The exploit highlights the critical need for robust security practices in crypto platforms, as trust hinges on operational integrity. The post Polymarket hit by $700K exploit of internal top-up wallet appeared first on Crypto Briefing.

Representative James Comer asked CEOs of two major prediction market companies for information on their responses to insider trading after “suspiciously timed trades” related to US military actions against Iran.

Rep. James Comer, Chairman of the House Committee on Oversight and Government Reform, sent letters to Polymarket and Kalshi to ascertain the measures these platforms are taking to curb these practices. Comer referred to the prediction markets ecosystem as the “Wild West.” Rep. James Comer Launches Probe On Insider Trading Happening On Prediction Markets Kentucky […]

Institutional crypto adoption accelerates as Tether expands Bitcoin holdings, miners pivot to AI and Polymarket joins Nasdaq amid $1 billion fund outflows.

Polymarket's Japan entry could set a global precedent for prediction markets, influencing regulatory stances and market adoption worldwide. The post Polymarket targets Japan market entry, seeks regulatory approval by 2030 appeared first on Crypto Briefing.

Polymarket's security lapse highlights the critical need for robust operational security and key management in the evolving crypto landscape. The post Polymarket investigates suspicious transactions, confirms no contract hack appeared first on Crypto Briefing.

Blockchain investigator ZachXBT first pointed to a possible hack, indicating that $520K were drained so far. Polymarket acknowledged the security event and stressed that it was taking action after the compromise of an alleged private key, explaining that user funds were safe. Polymarket Faces Security Event: No User Funds Affected Polymarket, one of the largest […]

The U.S. House Committee on Oversight and Government Reform has opened an investigation into Polymarket and Kalshi over concerns tied to insider trading and wagers allegedly linked to classified information. According to a statement released by the committee, Chair James…