Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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What does Polymarket’s US “CEO” actually do?
A report by The Information says that for the US-licensed arm of the prediction market, chief executive Justin Hertzberg “appears to be CEO in name only,” despite his protestations to the contrary.
It also runs down Polymarket’s issues in losing BMO Bank as a banking partner and Hertzberg’s history of launching “more than 300 prop trading firms,” including one, Surge Trader, where victims of an alleged Ponzi scheme sued him to get their money back.
Polymarket’s Homecoming Is Shaky and its U.S. CEO Is AWOL
[The Information]
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