Washington Fears Polymarket Bank Failure Contracts Could Spark Panic

T2Covered by 1 source · first reported by PYMNTS at 27 Sept, 21:06 UTC

Bank regulators and federal lawmakers have expressed concerns about the appearance of contracts on prediction market Polymarket that are tied to the likelihood of bank failures, Bloomberg reported Friday (Sept. 25). A modestly sized market for bank-failure contracts has appeared on Polymarket’s…