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Gambling Companies Laud Indictments to Push Back on Pressure to Regulate

“Insider trading has no place on Polymarket,” it said. “Today’s arrest is proof the... “As prediction markets and sports gambling companies like to frame it, they can’t lose,” said...

NYTIMES 입력 2026.04.25 05:46 0

Gambling Companies Laud Indictments to Push Back on Pressure to Regulate

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Gambling Companies Laud Indictments to Push Back on Pressure to Regulate

Sports betting companies and prediction markets have cited recent federal charges related to insider trading as proof that illegal activity is being rooted out. Critics say the cases do not address widespread illicit activity.

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Vincent Alban/The New York Times

Jonah E. Bromwich

Santul Nerkar

Meredith Honig

and

Benjamin Weiser

Meredith Honing reported from Raleigh, N.C.

April 24, 2026,

4:45 p.m. ET

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Shortly after a member of the U.S. Special Forces was criminally charged this week for using insider knowledge about the capture of Nicolás Maduro of Venezuela to win a series of lucrative bets, the platform on which he gambled, Polymarket, released an approving statement.

“Insider trading has no place on Polymarket,” it said. “Today’s arrest is proof the system works.”

The statement reflects a growing trend among gambling companies, including prediction markets like Polymarket and Kalshi and sports betting platforms like DraftKings and FanDuel. Recent insider trading cases brought in New York have given them an opportunity to argue that illegal behavior won’t be tolerated on their platforms and that the system is working.

DraftKings released a similarly laudatory comment after N.B.A. professionals were

charged and accused of similar conduct

last fall, saying that the current arrangement allowed law enforcement authorities to “hold accountable anyone engaged in illegal behavior.”

Critics counter that splashy indictments are not a solution to the more widespread problem of insider trading in gambling markets. While prediction markets and sports books are governed by separate regulations, gambling companies across the spectrum have gestured toward indictments to suggest that anything stricter is unnecessary.

“As prediction markets and sports gambling companies like to frame it, they can’t lose,” said Danny Funt, the author of the recent book “Everybody Loses: The Tumultuous Rise of American Sports Gambling.” “When people get caught participating in insider trading, they say the system is working. When time passes without that kind of fraud coming to light, they say this proves concerns about insider trading were overblown.”

DraftKings did not immediately respond to a request for comment. Polymarket pointed to a comment made on Friday by its chief executive, Shayne Coplan, saying that the company would “work proactively with all relevant authorities on any suspicious activity on our marketplace.”

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