Prediction markets have seen what’s happening to sports betting—in-person and online—and are taking matters into their own hands before sports betting can get out of hand on their own platforms.
“Our partnership with Palantir and TWG AI allows us to apply world-class analytics and monitoring to sports markets,” CEO Shayne Coplan said in a statement to Bloomberg.
The Palantir system will only be deployed for U.S. users, according to Bloomberg. Most U.S. traders access Polymarket using a virtual private network (VPN) as a U.S.-based platform has not fully launched, just months after the Commodity Futures Trading Commission (CFTC) approved the platform to reenter the U.S. Several states, including Nevada, Massachusetts, and Michigan, have recently sued Polymarket and Kalshi for violating state gambling laws.
