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Polymarket, the predictions market operator, has obtained certifications through its partner companies to facilitate legalized sports betting upon launch.
Since the company has been given the green light to offer its betting services in North America, there has been a quicksilver push to make these available for the fall sporting action.
Polymarket gains approval to operate sports betting on launch
As we reported, Polymarket acquired, as part of a $112 million deal, a Commodity Futures Trading Commission-licensed derivatives exchange, QCX LLC, and its clearinghouse, QC Clearing LLC, collectively known as “QCEX”.
This key piece of business enabled Polymarket to establish a foothold and continue operating in North America. This was backed with a razor-thin approval from the Commodity Futures Trading Commission (CFTC).
At that time, Shayne Coplan, founder and CEO of Polymarket, said, “Polymarket is the largest prediction market globally and has become synonymous with understanding the probability of current events.”
He then posted on social media about Polymarket’s approval to operate in North America and the homecoming that has split state and federal regulators for more than a year.

Polymarket has acquired QCEX, a CFTC-regulated exchange and clearinghouse, for $112 million.
This paves the way for us to welcome American traders again.
I’ve waited a long time to say this:
Polymarket is coming home pic.twitter.com/Qjd5ZbUwKi
— Shayne Coplan (@shayne_coplan) July 21, 2025

Polymarket updates timelines to offer sports betting
Now, as part of official notices posted on QCEX’s website, the provider has a possible lunch date to offer betting lines.
The regulatory statements on the CFTC-cleared company’s site state that there was a time-barred date of 7 October 2025, after which Polymarket could begin offering event lines, but this has now been changed to 2 October 2025.
Another interesting point is the regulatory filing stating that the data Polymarket will use for its sports lines is officially coming from SportsData.
Digging slightly deeper, the data provider published an article in August that supported the rise in prediction markets with a statement, “Niche today doesn’t mean niche forever.”
Saying, “Kalshi, Polymarket, and Sporttrade are building more compliant, user-friendly versions of what once started as outsider projects. But let’s not forget: this isn’t a brand-new trend. It’s a matured one finally getting its due.”
Featured image: Polymarket.
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A man from Smith County, Texas, has been subject to an affidavit for allegedly defrauding his neighbours of $400,000 to fund his personal life, including gambling trips.
Brian Christopher Glass of Bullard was hired by the couple next door to renovate their home after lightning rendered their property a devastated wreck. His company, Glass Limitless Homes and Design, received the lion’s share of the payment to cover the environmental damage.
After months of dereliction and the couple hiring a private investigator, Glass now finds himself in the custody of the Smith County Police Department with a substantial bond for his alleged actions.
Contractor uses property payment to fund casino trips
Initially, the couple, who have not been named in the report from the Smith County Sheriff’s Office, had been attempting to recover their family home after the force of nature caused the damage.
Looking to their neighbour next door, Glass, who had his own company, they placed their trust in his experience. The couple, after a series of concerns, hired a private investigator and then alerted the authorities.
The Smith County Sheriff’s Office said, “Between April 2024 and July 2024, Glass was paid over $500,000 by the homeowners for the construction.”
This was the result of an investigation that led to the arrest of Glass, and it found that he had traveled to Louisiana and Oklahoma for gambling at casino resorts. He reportedly took half a million dollars from the couple, and the $400,000 was used to fund this lifestyle.
“Around July 2024, the victims learned that the subcontractors had quit working due to not being paid by Glass. When the homeowners contacted Glass, he informed them that he needed more money above and beyond the agreed construction price in the signed contract,” said the police report.
The couple attempted to complete the home by paying the subcontractors and businesses that had not received any money from Glass.
Leaving them in financial jeopardy, while Glass did not take responsibility for the situation or the possible threat of fraudulent behavior, despite having entered into a signed contract to complete the renovations.
Glass on $250,000 bond
Glass has been charged with misapplication of fiduciary property and has been placed on a $250,000 bond while in custody at Smith County Jail.
The Smith County Sheriff was vocal about trusting businesses in a corresponding statement, saying, “Always remember, there are many people out there who would like to separate you from your hard-earned money. These might even be people you know and trust. Don’t learn the hard way.”
Featured image: Canva.
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Three of the world’s largest global names, Apple, Google, and Meta, are embroiled in court action for allegedly profiting from gambling-style apps on their respective digital platforms.
As reported by Reuters, the trident is pushing for the action against them to be thrown out, but the presiding U.S. District Judge Edward Davila in San Jose, California, refuted their claims.
Apple, Google, and Meta all face court action
The three companies argued that they are exempt from legal responsibilities, based on a portion of the Federal Communications Decency Act, specifically Section 230.
This piece of legislation has been used in court cases to establish the party responsible for the legal ownership as the sole responsible party for any subsequent red tape. However, according to the statute, there are still “responsibilities” that must be taken into account for the likes of the three major brands.
Judge Davila did not entirely accept their argument as legitimate, as Section 230 states that even if another person provides the solution/information, then it does not prevent the party that facilitates it from being held legally responsible for information that they “have developed or for activities unrelated to third-party content.”
Reuters acknowledged that there were multiple plaintiffs in the thirty-seven-page decision that argued that the risks and the pitfalls of these forms of gambling posed to them as an addictive “Vegas-style experience” of slot machine gambling.
As we previously covered, Apple and Google faced a complaint alleging that their actions constituted a breach of the Racketeer Influenced and Corrupt Organizations Act (RICO).
Gambling apps risk harming, argue plaintiffs
The news report on the case stated that the motion by the plaintiffs argued that suicide and financial harm were routinely caused as a result of the lack of responsibility taken by the three.
The statement focused on the role that the companies played in facilitating these games, and “brokering and collecting 30% commissions – estimated at more than $2 billion – on transactions they processed.”
The three were given names like “bookies,” according to the report, but Judge Davilla did not support this claim by the plaintiffs.
He did, however, state that “The crux of plaintiffs’ theory is that defendants improperly processed payments for social casino apps. It is beside the point whether that activity turns defendants into bookies or brokers.”
The decision by Judge Davila stands, but he mentioned that all three parties have the right to contest this in the 9th U.S. Circuit Court of Appeals immediately.
Featured image: Canva.
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