Polymarket Partners with Major US Sports Betting Firm to Provide Prediction Market Infrastructure

It has been revealed that Polymarket, a prediction market platform, will serve as the designated clearinghouse for the prediction market operations of DraftKings, a major US sports betting firm. The announcement was made by Shayne Coplan, founder of the company, on the 22nd. Sports betting involves wagering money on the outcomes of sports events, such as match results or score differences. While it is legalized in many US states, in Japan, gambling itself is illegal and prohibited, with only publicly managed sports like horse racing and bicycle racing legally permitted. DraftKings deals in commodity futures...