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The Korea Communications Standards Commission (KCSC) held a meeting of the Communications Review Subcommittee and determined that the overseas prediction market platform Polymarket provided illegal betting, deciding to implement access blocking measures against it. The committee judged that Polymarket's business model is based on the outcomes of events that users cannot control, such as politics, sports, elections, and weather, adopting a "winner takes all" profit and loss structure that fosters speculative psychology; the platform operator is responsible for market establishment, trading rule setting, and overall operational management, providing a virtual asset acceptance and settlement system, which effectively creates an environment for raising and delivering user funds, and profits by charging transaction fees through share trading, violating South Korea's Criminal Law and the National Sports Promotion Act.Polymarket argued that the platform operates based on non-custodial peer-to-peer trading and smart contracts, and does not directly raise funds, manage funds, or issue sports promotion voting rights. However, the committee responded that one cannot evade the applicability of domestic laws in South Korea based on technical characteristics such as whether Korean language services are provided, decentralized technology, or centralized trading interfaces. Given that the platform has actually provided illegal betting to South Korean users, access blocking is unavoidable to protect domestic users.

The PPP prediction market tool monitoring shows that in the Polymarket "OpenAI Astra Release Date" prediction market, the probability of OpenAI releasing Astra before August 31 has risen to 24%, an increase of 8% in 24 hours; the probability of it being released before September 15 is currently reported at 61%, an increase of 6% in 24 hours. According to the settlement rules, if OpenAI releases Astra before the corresponding deadline, or releases a product confirmed to be the same model as Astra and makes it publicly available, the market will settle as "Yes."Public testing or open waitlists qualify, but closed testing and private access do not count; the main settlement basis is OpenAI's official information. Previously, OpenAI disclosed that it would slow down the development process of Astra until appropriate safety measures are established. However, OpenAI founder Sam Altman also stated that Astra is a powerful model, and the company is working hard to make it available to a broader range of users.

According to ibtimes, JPMorgan Chase terminated its banking partnership with the prediction market platform Polymarket last year due to regulatory risks, but the bank has not completely cut ties with this rapidly growing company and still maintains various forms of cooperation, expressing interest in participating in the underwriting of Polymarket's initial public offering (IPO) in the future.A person close to Polymarket stated that JPMorgan "does not want to burn all bridges." Polymarket denied that the relationship between the two parties has significantly weakened, stating that the company still maintains a "close and active cooperative relationship" with JPMorgan, involving multiple entities, operational integration, and client fund flow management, among other areas.

According to the Financial Times, JPMorgan Chase terminated its banking services for Polymarket last October due to regulatory concerns, requiring the company to seek new banking institutions. Previously, Polymarket was banned from providing services to U.S. customers after the Commodity Futures Trading Commission took enforcement action in 2022.Currently, Polymarket has partnered with a new bank, but the specific name has not been disclosed. JPMorgan Chase still maintains business dealings with Polymarket and invited its CEO Shayne Coplan to participate in a private banking client meeting held in Miami this February, where he spoke alongside former NFL player Tom Brady. Polymarket stated that the two parties continue to maintain a close and active relationship in various areas, including multiple entities, operational integration, and customer fund flow management.Since 2026, prediction market platforms like Polymarket and Kalshi have faced legal actions from multiple U.S. states regarding their alleged operation as illegal sports bookmakers, while the relevant platforms argue that they operate as exchanges facilitating trades between buyers and sellers, rather than as bookmakers. According to user aggregated data, the nominal trading volume of prediction markets has exceeded $250 billion since 2026.Meanwhile, Polymarket is seeking over $1 billion in financing, with a target valuation of $20 billion, more than doubling from the approximately $8 billion valuation during the last round of financing in 2025.

According to official news, the Turf team has joined Polymarket.This team of 6 has built a real-time NFL prediction game over the past year, allowing users to predict the next play, the next score, and more while watching live broadcasts. The team has now joined the Polymarket US website and app team.Polymarket stated that it will continue to seek outstanding talent, committed to creating a world-class product, design, and engineering team.

Polymarket founder Shayne Coplan announced on August 12 on the X platform that Travis VanderZanden has joined Polymarket as Chief Growth Officer.It was reported that Travis V. previously served as the Head of Driver Growth at Uber, Chief Revenue Officer at Yammer, and founded and served as CEO of the bike-sharing company Bird.

SKALE Labs announced the launch of Agent Pit on August 12. This platform is a paper trading prediction market sandbox running on the SKALE zero Gas blockchain, fully mirroring Polymarket's order book, settlement mechanism, and real-time event data, allowing developers and AI agents to test and train trading strategies without real financial risk.Agent Pit is the first product of the SKALE Agentic Venture Studio. Developers can fine-tune agents here, participate in simulated ROI leaderboard competitions, and deploy models to real markets like Polymarket after completing training. SKALE Labs CEO Jack O'Holleran stated that there is a clear demand in the market for a prediction market strategy training environment aimed at agents.

According to reports from American media, the New York City Council is investigating the advertising practices of the four major prediction market platforms, opening a new battleground for the legal controversies facing this rapidly growing industry.New York City Council Speaker Julie Menin sent an inquiry letter containing numerous questions to Polymarket, Kalshi, Coinbase Global Inc., and the prediction market platform Titan under Gemini Space Station, as part of a so-called legislative investigation aimed at examining whether existing city laws are sufficient to protect residents from false or deceptive marketing by these emerging platforms.The City Council is also studying the development of relevant policies to address products that may lead users to "engage in compulsive betting on event contracts." In a letter to Polymarket, the City Council stated: "The City Council is investigating allegations related to Polymarket, and more importantly, is examining the prevalence of similar marketing practices in the broader prediction market industry, as well as the associated social harms caused to New York City residents."

PPP market prediction tool monitoring shows that in the Polymarket "Anthropic valuation reaches target within the year" prediction event, the probability of reaching $1.5 trillion within the year has risen to 76%, an increase of 13% in 24 hours. The probability of reaching $1.25 trillion has risen to 92%, an increase of 8% in 24 hours. According to the settlement rules, this market primarily relies on the valuation of Anthropic's private market as announced by the Nasdaq Private Market (NPM).If Anthropic completes its IPO or direct listing during this period, the official issue price corresponding to the valuation and the public market value after listing will also be included in the settlement basis. Currently, the NPM data referenced on the Polymarket page shows a valuation of approximately $1.13 trillion. Previously, according to the Wall Street Journal, Anthropic plans to go public in September or early October, with specific issue prices and schedules yet to be announced. If successfully listed, it could become one of the largest IPOs in history.

A U.S. judge has suspended the CFTC's civil case against Army Sergeant Van Dyke. The sergeant is accused of using non-public information to profit over $400,000 on Polymarket regarding the fate of Maduro.

According to Fortune, the Trump family is accelerating its entry into the prediction market space, with the Trump Media Technology Group developing a prediction market platform called TruthPredict, allowing users to trade prediction contracts related to significant events. The company has also launched the Truth API, providing Wall Street with quick data access to Truth Social content. Additionally, Donald Trump Jr., the eldest son of Trump, currently serves as a strategic advisor to Kalshi, and his venture capital firm 1789 Capital has invested in competitor Polymarket and joined the advisory board of Polymarket. This means the Trump family is simultaneously associated with the two major prediction market platforms, while the Trump Media Group is building its own prediction market business.Although there is currently no public evidence showing that Donald Trump Jr. or the Trump family is trading on government insider information, the potential conflicts of interest arising from the intertwining of presidential public information, market trading, and family business interests are drawing external attention. Federal agencies are still investigating whether former White House teleprompter operator Gabriel Perez used advance knowledge of Trump's speech content to trade in related markets on Kalshi. The team of Donald Trump Jr. and the Trump Media Technology Group have yet to formally respond to requests for comments regarding insider trading related to the prediction market.

PPP prediction market tool monitoring shows that before the non-farm data release, the probability of "Federal Reserve raising interest rates by 25 basis points in September" on Polymarket has risen to 48%, up 5% in 24 hours, and up 24% for the month; the probability of maintaining the interest rate unchanged in September has fallen to 49%, down 21% for the month.The U.S. July non-farm payroll report will be released today at 20:30 Beijing time, with Wall Street institutions predicting a data range from 18,000 to 83,000, showing significant divergence. Market participants believe that if the final data significantly deviates from expectations, there could be severe fluctuations in the stock, bond, and dollar markets. The unemployment rate remains a core variable of concern for the Federal Reserve. Bank of America economist Aditya Bhave pointed out that if the data shows "everything is safe" in the labor market, the Federal Reserve may raise interest rates up to three times this year, but the federal funds futures market is currently only pricing in one rate hike for the year.

U.S. President Trump officially signed the executive order on polysilicon tariffs.

Founder of 1confirmation, Nick Tomaino, disclosed data indicating that in the past month, the Polymarket website received 43.1 million visits (according to Similarweb data), surpassing the combined total of FanDuel, DraftKings, and Kalshi, and has become one of the most visited fintech applications globally.Nick Tomaino believes that the core reason for Polymarket's growth is not marketing investment, but rather its value as a "source of information," as users seek to better understand the real world through prediction markets.Polymarket currently dominates the on-chain prediction market space, with the transparency and global accessibility provided by its on-chain architecture being key to achieving the long-term goal of "better information and more truth." However, the Polymarket application in the U.S. is still in its early stages, but the product and business model are gradually maturing and beginning to enter an accelerated execution phase.

According to Jinshi, the prediction market platform Polymarket is seeking to raise funds with a valuation of over $20 billion.

According to data from The Block, the combined monthly trading volume of the three prediction market platforms Polymarket, Polymarket US, and Kalshi reached $50.6 billion in July, setting a new historical high. Among them, the trading volume of Polymarket US increased by 54% month-on-month to $5 billion, while Polymarket decreased by 26% month-on-month to $7.9 billion.