7 stories mentioning it. Newest first.
The IRS is asserting withholding rights on prize money paid to a non-resident national team, a novel tax claim that complicates how FIFA competitions route payouts to foreign players.
An AI alert said Norway beat Brazil 3-2 before the match started. The embarrassment lands as the exchange bets its consumer future on prediction markets and AI-driven trading signals.
Polymarket's $2B and Kalshi's $100M+ in World Cup contracts turn the tournament into a live stress test of event-contract venues against incumbent sportsbooks, with a CFTC-vs-states fight hanging…
A newly created wallet piled into Brazil, Colombia, Belgium, Senegal, and Morocco at single-digit implied odds — a thin but telling bet that the market is under-pricing the tournament's long tail.
A roughly 83x monthly jump, peaking at $5.6B on June 22, shows sports catalysts can pull retail capital into event contracts faster than any other category this cycle.
The headline number is volume, but the read is composition: prediction markets are absorbing a year-round sports calendar now, not just isolated tournament weeks.
A Polymarket trader known as lovelystuff walked away with $1.3 million in profit after placing a $10.3 million position…
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