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Polymarket Investigation: Congress Acts

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Polymarket Investigation: Congress Acts

Congress is calling for a Polymarket investigation after at least 50 newly created accounts placed bets on a US-Iran ceasefire in the minutes before President Trump announced it on social media on April 9.

Summary

  • At least 50 brand-new Polymarket accounts placed winning ceasefire bets minutes before Trump’s announcement.
  • Representative Ritchie Torres sent a letter to the CFTC demanding a formal review of the platform.
  • Senator Richard Blumenthal called Polymarket “an illicit market” for exploiting national security secrets.

The prediction market platform Polymarket is at the center of a congressional firestorm after the US-Iran ceasefire announcement. At least 50 newly created accounts placed bets on the outcome in the hours and minutes before President Trump posted about the deal, and most made no other bets before or since.

According to NPR, at least 50 new accounts placed substantial bets on a US-Iran ceasefire in the hours and minutes before President Trump posted the deal on social media. The accounts had no prior betting history and made no other trades, raising immediate suspicion of insider activity.

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Rep. Ritchie Torres sent a letter to the CFTC demanding a formal investigation. Sen. Richard Blumenthal went further, calling Polymarket “an illicit market to sell and exploit national security secrets unlike any in history.”

A Pattern Polymarket Cannot Escape

This is not the first time suspicious betting has preceded a major geopolitical event. As crypto.news reported, six Polymarket accounts were previously accused of using insider information to profit from the timing of earlier US strikes on Iran, earning roughly $1 million and triggering the so-called DEATH BETS Act from Senator Adam Schiff.

Analytics firm Bubblemaps had flagged newly created wallets placing timely bets just hours before those strikes commenced. The pattern has now repeated with greater speed: the latest bets were placed in the minutes before the announcement, not just hours.

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Regulatory and Legal Exposure

The CFTC issued an advance notice of proposed rulemaking on prediction markets in March 2026, with the comment window set to close on April 30. More than 10 anti-prediction market bills have been introduced in Congress since January.

As crypto.news noted, six Democratic senators previously urged the CFTC to ban contracts that resolve on or correlate to an individual’s death. Polymarket, which operates outside US jurisdiction and requires only a crypto wallet to trade, has not commented on the latest congressional demands.

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Spartans Betting Platform Generates $40 Million GGR While Rollbit and BC.Game Cannot Keep Up

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Spartans Betting Platform Generates $40 Million GGR While Rollbit and BC.Game Cannot Keep Up

The digital wagering sector in April 2026 is witnessing a technical revolution where speed is the ultimate currency. While Rollbit and BC.Game have defined the previous era of crypto-native gambling, Spartans.com is rewriting the rules through sheer technical performance. During its record-breaking beta phase, Spartans processed $100,000,000 in total deposits, generating an impressive $40,000,000 in Gross Gaming Revenue (GGR).

Currently ranked 14th and climbing globally, the platform has established itself as the fastest withdrawal online casino by integrating proprietary “Degen Zone” technology, allowing for high-velocity wagering and instant payouts that legacy platforms simply cannot match.

Rollbit: The Crypto-Native Ecosystem

Rollbit has long been considered a pioneer in the crypto gambling space, successfully building a multifaceted ecosystem that blends traditional casino games with innovative features like NFT loans and a native token economy. In 2026, it remains a major destination for players who appreciate a broad range of crypto-integrated services.

However, the complexity of the Rollbit platform—designed to manage everything from a sportsbook to a token-burn mechanism—can sometimes lead to a slightly higher latency during peak wagering periods. While Rollbit offers a diverse experience, its core engine is not exclusively optimized for the ultra-high-frequency betting that modern “power users” demand.

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Consequently, while it provides a reliable service, it faces stiff competition from specialized, high-velocity engines. For players prioritizing the absolute fastest execution and the most streamlined withdrawal process, the multifaceted nature of Rollbit can occasionally represent an operational trade-off in raw technical speed.

BC.Game: The Gamification Giant

BC.Game is the industry leader in social gamification, keeping its massive user base engaged through a continuous cycle of quests, daily spins, and community-focused incentives. Its platform is a masterclass in retention, offering a deep VIP hierarchy and a wide array of proprietary games. As of mid-April 2026, it continues to thrive by appealing to a broad demographic of social bettors.

However, this focus on gamification results in a “heavy” user interface that can struggle to provide the zero-latency experience required for high-frequency automated betting. BC.Game’s withdrawal infrastructure is robust, but it often involves multiple verification steps and native token conversions that can add time to the payout cycle.

For the elite tier of bettors who treat gambling as a high-performance activity, the social layers of BC.Game can feel like friction. While it remains a top-tier choice for entertainment, it lacks the specialized “Degen” focus found in newer, leaner platforms.

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Spartans: High-Velocity GGR and the Degen Zone

Spartans.com has redefined what it means to be a high-performance gambling platform by focusing on the core essentials: speed, liquidity, and technical efficiency. Generating $40,000,000 in Gross Gaming Revenue (GGR) from $100,000,000 in total deposits during its beta phase is a testament to the platform’s unparalleled engagement. This massive revenue result is driven by the proprietary “Degen Zone”, a high-velocity wagering engine designed specifically for automated betting on original titles like Crash, Plinko, and Dice. The Degen Zone allows players to process thousands of wagers per hour with zero latency, making Spartans the definitive choice for the modern power user.

To complement this wagering speed, Spartans has established itself as the fastest withdrawal online casino by utilizing high-speed ADA (Cardano) and AVAX (Avalanche) multi-chain payment rails. These rails ensure that payouts are as instantaneous as the games themselves, bypassing the administrative delays common on other sites. Currently sitting at a 14th global ranking and climbing, Spartans has used its beta performance to prove that technical superiority leads to higher volume and better results.

While the platform offers over 5,900 games from 43+ providers, the “Degen Zone” remains its crown jewel, catering to a segment of the market that demands precision and pace. By stripping away the clutter of social gamification and focusing on raw performance, Spartans is successfully migrating high-stakes volume away from Rollbit and BC.Game, positioning itself as the elite standard for the August 1st global launch.

Conclusion

The technical gap between Rollbit, BC.Game, and Spartans.com is becoming the primary differentiator for the world’s most active bettors in 2026. While Rollbit offers a complex ecosystem and BC.Game excels in social engagement, Spartans.com has captured the high-performance market with its $40M GGR and specialized “Degen Zone.”

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As the platform continues its ascent past the 14th global rank, it has firmly cemented its reputation as the fastest withdrawal online casino in the industry. For players who demand instant execution and liquid payouts, Spartans.com provides the ultimate technical edge in the modern crypto-gambling era.

Find Out More About Spartans:

Website: https://spartans.com/

Instagram: https://www.instagram.com/spartans/

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Twitter/X: https://x.com/SpartansBet

YouTube: https://www.youtube.com/@SpartansBet


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Tether To Lead $150M Recovery Program for DeFi Platform Drift Protocol

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Tether To Lead $150M Recovery Program for DeFi Platform Drift Protocol

Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April.

The recovery plan for the $280 million Drift Protocol exploit includes $127.5 million from Tether, with the rest coming from undisclosed partners, according to Tether’s announcement. Tether said:

“Rather than relying on upfront capital alone, the structure links funding and recovery to ongoing trading activity on the Drift platform, allowing user balances to be restored as the exchange returns to normal operations.”

The Drift Protocol platform will “contribute directly” to the ongoing recovery of user funds as the platform resumes normal trading activity. 

The top 10 crypto assets stolen from the Drift Protocol in the exploit. Source: Quill Audits

Drift will also transition its settlement asset from Circle’s USDC (USDC) dollar-pegged stablecoin to Tether’s USDt as part of the platform’s relaunch. 

Cointelegraph reached out to Tether but did not receive a response by the time of publication. 

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The recovery program highlights a growing trend of crypto industry companies collaborating to restore user funds and help platforms resume normal operations after major hacks or cybersecurity attacks that cause hundreds of millions of dollars in losses.

Related: Drift sends onchain message to wallets tied to $280M exploit

Circle comes under fire for not freezing funds after Drift Protocol attack

Crypto industry executives, cybersecurity researchers and blockchain security firms criticized Circle for not freezing the USDC wallets linked to the Drift Protocol exploiter, despite having a window of several hours to intervene.

The exploiter used Circle’s Cross-Chain Transfer Protocol (CCTP), a native bridge that allows tokens to be transferred to other blockchain networks, to transfer over $232 million USDC from the Solana network to the Ethereum network, according to onchain sleuth ZachXBT.

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Cybercrime, Tether, Hacks, Stablecoin, DeFi
Source: ZachXBT

The funds were transferred in more than 100 transactions, he said, adding, “Despite the attacker laundering funds over six consecutive hours across Circle’s own native bridge, no USDC was frozen. The attacker has been linked to North Korea by Elliptic.” 

Circle’s stock sank by about 10% on April 9, following criticism over the company’s failure to freeze the funds from the hack and downgraded forecasts from market analysts. The NYSE-traded shares have since clawed back that decline, increasing about 20% as of yesterday’s close, according to Yahoo Finance data.

Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?