The latest news and updates from companies in the WLTH portfolio.
* Trump Jr. leads through 1789 Capital a $1B round in Polymarket, valuing the platform at $21B. * The firm contributes an additional $300M to the $200M already invested, raising Polymarket's valuation 40% from the previous $15B. * The President's family accumulates positions across different prediction markets: Trump Jr. advises both Polymarket and Kalshi, where he received shares worth over $300,000. The venture capital firm of Donald Trump Jr., 1789 Capital, leads a $1 billion funding round in Polymarket that values the prediction markets platform at $21 billion. The information was confirmed by Alexa Henning, a spokesperson for the firm. The round represents a 40% jump from the previous valuation of $15 billion, recorded just months ago. Of that total, 1789 Capital will contribute approximately $300 million, added to a pre-existing position of around $200 million. The platform competes in the prediction markets segment alongside Kalshi, where users can bet on outcomes ranging from what a president says in a speech to who gets married on a reality show. Both platforms recorded very strong and consistent growth over the past year. Trump Jr. Bets on All Prediction Markets The President's family relationship with the prediction market continues to deepen. Trump Jr. took on an advisory role at Kalshi in 2025 and received shares valued at more than $300,000. Simultaneously, he serves in an advisory capacity at Polymarket, making 1789 Capital a player with direct interests in the two main competitors in the market. The regulatory landscape also evolved in favor of both platforms. Michael Selig, appointed by President Donald Trump to lead the Commodity Futures Trading Commission, the body that regulates prediction markets, publicly praised these companies and initiated legal action against states that attempted to regulate them at the local level. In May, the president himself posted on Truth Social that prediction markets would thrive under his administration. Money Flows Where the Presidential Family Points The concentration of capital and political influence around Polymarket and Kalshi makes one thing clear: the Trump family built strategic positions in a segment that, at the same time, benefits from regulatory decisions made by the federal administration. The round led by 1789 Capital makes that connection evident and consolidates Polymarket as the best-capitalized platform in the sector.

* Polymarket is reportedly raising around $1 billion in a new funding round led by 1789 Capital, with Donald Trump Jr.'s investment firm putting in about $300 million. * The deal values the prediction-market platform at approximately $21 billion post-money, up sharply from its $15 billion valuation just four months ago. * The latest financing would deepen 1789 Capital's position in Polymarket, after the firm previously invested about $200 million, while the prediction market continues to expand amid regulatory battles and intensifying competition from Kalshi. Donald Trump Jr. advises Polymarket. He also advises Kalshi, Polymarket's biggest rival, and holds Kalshi equity worth more than $300,000. Now his investment firm is putting another $300 million into Polymarket, part of a $1 billion round that values the prediction market platform at $21 billion, according to The Wall Street Journal. 1789 Capital, where Trump Jr. is a partner, had already invested about $200 million in Polymarket. The new money brings its total stake to around $500 million, making it one of the platform's largest backers. Trump Jr. has described his advisory roles at both companies as personal, telling the New York Times he acts with "no policy position and no role within the administration whatsoever." The $21 billion valuation is a 40% jump from the $15 billion mark Polymarket carried after an ICE-backed round closed in April, and puts it just under Kalshi, which raised $1 billion at a $22 billion valuation in May. Intercontinental Exchange, the parent company of the New York Stock Exchange, has put about $1.6 billion into Polymarket since October 2025, most of it under an agreement to commit up to $2 billion. Advising both sides Trump Jr. joined Polymarket's advisory board in 2025, shortly after 1789 Capital's first investment. His father's administration has argued that the Commodity Futures Trading Commission, not individual states, should regulate prediction markets -- a position both companies are counting on as they fight lawsuits from state attorneys general and, in Polymarket's case, a Baltimore lawsuit alleging its sports contracts are unlicensed betting dressed up as event trading. Democrats on the House Judiciary Committee are separately looking into 1789 Capital's expansion, given how many of its portfolio companies, including SpaceX, Anduril and Cerebras, hold federal contracts. 1789 Capital has called the inquiry partisan, and it hasn't produced any findings of wrongdoing so far. The founder who emailed the SEC at 14 Polymarket's founder, Shayne Coplan, was 22 when he built the platform's first version alone from his apartment on New York's Lower East Side during the COVID-19 lockdown, after dropping out of NYU's computer science program. He bought Ethereum as a teenager for about $0.30 a token and, at 14, emailed the SEC about high-frequency trading rules. He's 28 now. The platform runs on the Polygon blockchain and lets users trade contracts on real-world outcomes, such as elections, sports, and economic data. Early backers included Ethereum co-founder Vitalik Buterin, Peter Thiel's Founders Fund and Polychain Capital. Polymarket's annualized revenue has topped $1.2 billion, and it's been hiring out of Wall Street and Silicon Valley to match. Whether that growth outpaces the regulatory and political questions stacking up around it, including its biggest backer's family ties to the people who oversee it, is the harder thing to call.

Anthropic is preparing the largest IPO in history. Investment bankers have reportedly floated a listing worth up to $2 trillion for the maker of Claude, which would make it the most valuable company ever to go public, ahead of SpaceX. Whether that number holds is already being tested on crypto exchanges, where traders have been putting a price on Anthropic for months. And that price points to exactly the same territory. Almost $2,000 per Token On Binance, the ANTHROPICUSDT pre-IPO perpetual contract recently traded at $1,934.25. The exchange bases the contract on an estimated total of one billion Anthropic shares, while noting that the actual count may differ. Extrapolated, that implies a valuation of roughly $1.93 trillion. On the decentralized exchange Hyperliquid, where Entropy runs the ANTH perp, the price sits at $1,934.50, effectively identical to the cent. For context: Anthropic's most recent funding round, a $65 billion Series H, valued the company at $965 billion. Crypto traders are paying precisely twice that. Anthropic Ahead of SpaceX and OpenAI A third picture comes from PreStocks, a platform that issues tokenized stakes on Solana and says they are backed by SPV exposure. An Anthropic token there costs around $871, and the platform derives an implied valuation of about $1.41 trillion from it, because it assumes considerably more than one billion shares outstanding. Per-token prices across venues are therefore not directly comparable, though the valuations derived from them are. The resulting ranking is telling. Anthropic leads at $1.41 trillion, ahead of SpaceX at roughly $1.36 trillion and OpenAI at about $1.14 trillion. Well behind them come Elon Musk's xAI at $247 billion, defense contractor Anduril at $133 billion, Neuralink at just under $52 billion, and the two prediction markets Kalshi at $33 billion and Polymarket at $13.6 billion. At that level, Anthropic would enter the ranks of the world's most valuable companies overnight, worth a multiple of European tech heavyweights such as SAP or ASML. These Are Not Shares Anyone buying these instruments is not buying a stake in Anthropic. The company issues no shares to the public and prohibits transfers to special purpose vehicles. In a recent statement, Anthropic said such transfers are void, and that third parties selling stakes through forwards or tokenized securities are either committing fraud or offering a product that may be worthless. PreStocks itself states in its terms that the tokens carry no ownership, voting, dividend or information rights, and that they are not available in the United States. What changes hands instead are derivatives, financial instruments whose value is derived from an underlying asset without the holder owning it. Settlement happens in cash. The specific form used on Binance and Hyperliquid is the perpetual future, or perp. A traditional future has an expiry date, a perp runs indefinitely. To keep its price tethered to the underlying, a mechanism called the funding rate kicks in: when the contract trades above the reference price, buyers pay a periodic fee to sellers, and the other way around. For listed companies, this keeps the perp close to the share price. For Anthropic, there is no share price to anchor it. The contract tracks nothing beyond the expectations of the traders holding it. On the regulated secondary market, where platforms such as Hiive and Forge broker actual employee shares with the company's approval, implied valuations have recently ranged between $830 billion and $1.2 trillion. The gap to the crypto price of $1.93 trillion is a fair gauge of how much imagination is currently priced into the AI market.

DONALD Trump Jr's venture capital firm, 1789 Capital, is leading a new funding round in Polymarket that values the prediction market at US$21 billion, a spokesperson for 1789 Capital said on Monday (Aug 31). Polymarket plans to raise US$1 billion, including around US$300 million from 1789 Capital, the spokesperson, Alexa Henning, said. The investment firm previously invested about US$200 million in the prediction market, which is currently valued at about US$15 billion. Prediction markets such as Polymarket and Kalshi have exploded in popularity over the past year. The platforms allow users to place wagers on the outcome of a wide variety of events, such as what the president will say in a speech or who will get married on "Love Is Blind". The Trump family has built up a financial stake in the industry since last year. Donald Trump Jr joined Kalshi as an adviser in 2025 and received shares in the company worth more than US$300,000. He also began advising Polymarket and invested in it via 1789 Capital. At the same time, his father, US President Donald Trump, has taken steps to boost the industry. Michael S Selig, whom the president appointed to lead the Commodity Futures Trading Commission, which oversees prediction markets, has spoken enthusiastically about the companies and sued states that tried to regulate them. The president declared on Truth Social that prediction markets would "thrive" under his leadership and said Selig was "respected by all". Bloomberg earlier reported that 1789 Capital was leading Polymarket's funding round. Many of the companies that 1789 Capital has invested in have large government contracts, while others, like Polymarket, have benefited directly from new Trump policies or rollbacks of existing laws, The New York Times has reported. The investment firm also bought shares in some of the most coveted private companies before many went public, including SpaceX, Anduril, Cerebras and Reflection AI. Two years ago, 1789 Capital managed a few hundred million dollars. It now oversees more than US$3 billion. Donald Trump Jr told the Times in 2026 that he invested as a private citizen and held "no policy position and no role within the administration whatsoever". NYTIMES
The new round values the prediction market at $21 billion, up from $15 billion. Mr. Trump's firm, 1789 Capital, will invest around $300 million. Donald Trump Jr.'s venture capital firm, 1789 Capital, is leading a new funding round in Polymarket that values the prediction market at $21 billion, a spokeswoman for 1789 Capital said on Monday. Polymarket plans to raise $1 billion, including around $300 million from 1789 Capital, the spokeswoman, Alexa Henning, said. The investment firm previously invested about $200 million in the prediction market, which is currently valued at about $15 billion. Prediction markets like Polymarket and Kalshi have exploded in popularity over the past year. The platforms allow users to place wagers on the outcome of a wide variety of events, from what the president will say in a speech to who will get married on "Love Is Blind." The Trump family has built up a financial stake in the industry since last year. Donald Trump Jr. joined Kalshi as an adviser last year and received shares in the company worth more than $300,000. He also began advising Polymarket and invested in it via 1789 Capital. At the same time, his father, President Trump, has taken steps to boost the industry. Michael S. Selig, whom the president appointed to lead the Commodity Futures Trading Commission, which oversees prediction markets, has spoken enthusiastically about the companies and sued states that tried to regulate them. The president declared on Truth Social that prediction markets would "thrive" under his leadership and said Mr. Selig was "respected by all." Bloomberg earlier reported that 1789 Capital was leading Polymarket's funding round. Many of the companies that 1789 Capital has invested in have large government contracts, while others, like Polymarket, have benefited directly from new Trump policies or rollbacks of existing laws, The New York Times has reported. The investment firm also bought shares in some of the most coveted private companies before many went public, including SpaceX, Anduril, Cerebras and Reflection AI. Two years ago, 1789 Capital managed a few hundred million dollars. It now oversees more than $3 billion. Donald Trump Jr. told The Times this year that he invested as a private citizen and held "no policy position and no role within the administration whatsoever."

The controversy comes at a moment when online gambling and prediction-style platforms are expanding quickly. According to Proto, professional Counter-Strike players in Brazil are being paid as little as $20 per post to promote Polymarket, and it's drawing fresh criticism over how gambling marketing is showing up inside gaming culture. The backlash has been especially sharp because some of the content reportedly relies on artificial intelligence-generated posts and sensationalized betting talk to grab attention. Here's what to know According to Protos, citing Dust2, Polymarket lists 509 Counter-Strike bets, with some reportedly seeing $1 million to $2 million in volume. Pro players are being paid $20 to $500 per X post to react to news, mention the market, and share wagers. Polymarket is reportedly showing up in everyday conversation around players, match results, and scene drama, not just as a sponsor. One flashpoint involved professional Counter-Strike player Robin Kool. An official Polymarket Counter-Strike account falsely claimed he was in Paris with a Porsche, leading Kool to post on X on Aug. 16, 2026: "so we just lying and creating shit out of thin air, that's how low we're going." He also called sponsored AI-style posts "a f*cking joke." Other users were similarly critical, with one who described the reported $20 rate per tweet as a way for professional players "to completely debase yourself... for a morally bankrupt gambling company." More background The controversy comes at a moment when online gambling and prediction-style platforms are expanding quickly, often through polished social-media marketing that can make betting seem casual, social, and harmless. But that broader boom has also raised concerns about predatory design, aggressive advertising, financial risk, and the ease of placing real-time bets -- especially for younger audiences who may encounter this content in gaming communities. Protos said Polymarket lists 39 countries where it is restricted, reflecting the legal and regulatory complexity surrounding its business. A platform's accessibility, rules, and protections can vary widely depending on where someone lives. The company has also faced scrutiny over how its promotions are presented. The Wall Street Journal reported that Polymarket-linked sponsored posts were largely fake, with a mock version of the site used to display invented bets and up to $900,000 in winnings. If those bets had really been placed, they would have translated to roughly $160,000 in losses. Protos also said that the same reporting found "clippers" -- people who edit and repost influencer footage -- were paid only if 60% of their audience was based in the United States, even though Polymarket is not allowed to operate there. What's being done? Reporting from outlets covering crypto, finance, and esports has brought more visibility to how these promotions work, while players and fans are calling out misleading or low-quality sponsored content in real time. Kool's response is one example of that pushback. Kool said on X: "and all the people sponsored doing AI slop tweets, what a fucking joke" and "genuinely blocking you if i see any of this AI slop on my timeline, this is literal digital cancer." Get TCD's free newsletters for easy tips, smart advice, and a chance to earn $5,000 toward home upgrades. To see more stories like this one, change your Google preferences here.

WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity -- by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year. (Reporting by Douglas Gillison in Washington; editing by Michelle Price and Nick Zieminski)
C1 Fund Inc. (NYSE: CFND) ("C1 Fund" or the "Fund"), a publicly traded closed-end fund providing investors with exposure to a curated portfolio of private late stage digital asset services and technology companies, today released its financial results, including net asset value ("NAV"), for the second quarter ended June 30, 2026. * C1 Fund had 6,568,348 shares outstanding. * C1 Fund's NAV was $42,625,013, or $6.49 per share. * Portfolio investments at fair value were $33,067,058, representing approximately 77.5% of net assets. * Short-term U.S. Treasury investments were $9.96 million, representing 23.3% of net assets. * Total investments at fair value were $43,031,199, reflecting net unrealized depreciation on investments of $53,311,989. * The Fund held investments in eleven portfolio companies, compared with seven at December 31, 2025. Operational Highlights and Strategic Progress * Through July 31, 2026, C1 Fund repurchased and retired 249,300 shares of its common stock at an aggregate cost of $824,440 under its buyback program approved by the Board of Directors on January 29, 2026. The Fund is currently authorized to repurchase up to $3,000,000 of its common stock, subject to market conditions and SEC rules. * As of June 30, 2026, the portfolio included eleven companies: Alchemy, BitGo, Blockchain.com, Chainalysis, ConsenSys, Figment, Fireblocks, Kraken (Payward, Inc.), Polymarket (Blockratize Inc.), Ripple Labs Inc., and Uphold. In keeping with its mandate, C1 Fund's portfolio investments remain focused on digital asset services and technology. * During the second quarter of 2026, C1 Fund added Polymarket (Blockratize Inc.), a leading decentralized prediction market platform that enables users to trade on the outcomes of real-world events, and increased positions in several of the companies in which the Fund first invested in 2025. * C1 Fund's two largest portfolio exposures are Ripple Labs Inc. (17.5% of the Company's net assets as of June 30, 2026), a global blockchain infrastructure company focused on cross-border payments and digital asset solutions, and Payward, Inc. (16.9% of the Company's net assets as of June 30, 2026), the parent company and unified financial infrastructure platform behind Kraken, one of the world's largest digital asset exchanges serving retail, institutional, and enterprise clients. * Two portfolio companies, Kraken and Blockchain.com, have publicly announced confidential submissions for potential initial public offerings with the U.S. Securities and Exchange Commission. BitGo, Inc. completed its initial public offering in January 2026. An early partial issuer buyback by Ripple Labs Inc. generated approximately a 150% return to the Fund in just over four months. * Investments continue to be selected from the C1 30, C1 Fund's defined universe of leading companies in digital asset services and technology, based on availability in secondary markets and expected return potential. Chief Investment Officer Elliot Han commented, "Our investment discipline remains consistent: acquire secondary shares in larger, late stage companies from the C1 30 when access is available and pricing offers compelling return potential. As of June 30, our eleven company portfolio represented approximately 77.5% of net assets and spanned payments, custody, compliance, staking, exchanges, development infrastructure, and prediction markets. Weaker secondary market pricing affected quarter end fair values, but selected portfolio companies continued to report customer growth. BitGo's clients on platform increased 26% year over year to 5,833, and Payward's (Kraken's) funded accounts increased 42% to 6.6 million. We believe this divergence reinforces the importance of evaluating both market based fair values and underlying business performance as we manage the portfolio and pursue liquidity opportunities."

Polymarket has strengthened its trade surveillance and investigation systems ahead of the U.S. midterm elections, as the prediction market operator faces scrutiny over insider trading and American access to its international platform. Reuters reported on Aug. 31 that Polymarket's new global head of investigations and intelligence, Shana Bautista, said the company has systems capable of identifying unusual trading activity as election-related markets attract closer attention. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket prepares surveillance systems for U.S. midterms Bautista, a former FBI investigator and Coinbase analyst, is overseeing Polymarket's investigative work as U.S. lawmakers examine whether prediction markets could provide a venue for trading based on sensitive government or political information. Congress has already moved toward restricting lawmakers from participating in such markets. Crypto.news previously reported that Rep. Bryan Steil was seeking to include a prediction market trading ban in a proposal that would restrict stock trading by members of Congress and their families. Steil said lawmakers should not be trading contracts tied to elections or public policy. His proposal followed a unanimous Senate vote in April barring senators and their staff from trading on prediction markets such as Polymarket and Kalshi. Questions over insider access have extended beyond lawmakers. A study published earlier this year examined how restrictions could affect the information produced by prediction market prices, arguing that enforcement should distinguish between traders who possess private information and participants who can influence the outcome of an event. The research found that a blanket ban could reduce the information available in market prices, while recommending stronger penalties for participants capable of changing an outcome themselves. The findings came as Polymarket and Kalshi faced increased insider trading scrutiny from regulators and lawmakers. Polymarket says its surveillance program uses several sources of information to detect potentially malicious activity. Bautista said the company combines machine learning, blockchain analytics, trade surveillance, open-source research and third-party services. A new webpage will provide more public information about those controls and explain how the company works with law enforcement, according to a Polymarket spokesperson cited by Reuters. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," Bautista said. Blockchain activity gives Polymarket investigators a trading trail Trades on Polymarket's international platform settle on a blockchain, leaving transaction records publicly visible even when the people controlling individual wallets remain anonymous. Critics have argued that pseudonymous wallet-based trading can create opportunities for misconduct. Bautista told Reuters that blockchain records can provide investigators with useful information about trading behavior and movements of funds between addresses. Polymarket says it has referred more than 100 cases to law enforcement. One involved a wallet linked to a U.S. soldier who prosecutors say used classified information to trade contracts concerning the capture of Venezuela's Nicolás Maduro. A federal judge in August paused the Commodity Futures Trading Commission's civil case tied to the soldier while a related criminal proceeding continues. Prosecutors allege that about $409,881 was earned through 13 Venezuela-related Polymarket trades, according to the CFTC case proceedings. The defendant has pleaded not guilty and challenged whether the prediction contracts involved in the case legally qualify as swaps. Bautista said other referrals involved possible insider wagers concerning U.S. military actions in Iran. Reuters reported earlier in August that several trades linked to military developments had raised questions over whether some participants possessed information that was not publicly available. Political concern has extended to federal employees with access to sensitive information. More than 40 Democratic lawmakers previously asked the CFTC and the U.S. Office of Government Ethics for guidance restricting federal employees from using nonpublic information to trade prediction contracts. Their letter raised concerns involving political events, military developments and other contracts where government employees could have access to information before the public. Polymarket says controls block most U.S. users Keeping American users away from Polymarket's international platform remains another enforcement issue for the company. The CFTC reached a settlement with Polymarket in 2022 after finding that it had offered event-based binary options contracts without registering with the regulator. Polymarket agreed to pay a $1.4 million civil penalty and wind down markets that did not comply with U.S. law. The settlement required the company to prevent U.S. customers from using its international operation. Bautista told Reuters that she believes Polymarket's current systems are sufficient to stop the vast majority of American users from accessing the international platform. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," Bautista said. "I do not see it being a really prevalent issue." Blockchain research has raised questions over how effectively those restrictions work. On-chain research firm Allium estimated that U.S.-linked wallets traded about $571 million in political contracts on Polymarket over a one-year period despite the restrictions. The United States represented the largest national group identified in its analysis. Allium cautioned that it could assign country labels to only a small share of political-market wallets and described its estimates as directional because blockchain activity cannot establish the identity or physical location of every trader. The findings renewed attention on U.S. wallet activity on Polymarket's international venue. Federal scrutiny of the company has changed under President Donald Trump's administration. Regulators dropped an investigation into whether Polymarket had breached its 2022 settlement, and CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket has taken a separate route to serve American customers through a regulated exchange. The company returned to the U.S. market after acquiring a CFTC-registered exchange last year, creating an operation separate from the international blockchain platform that remains closed to U.S. users. State lawsuits target prediction market sports contracts While federal regulators oversee event contracts under commodities law, prediction market companies are fighting a separate series of disputes with state authorities over sports-related contracts. Several states have argued that sports event contracts offered by prediction market platforms amount to gambling products that require state licenses. Prediction market companies have disputed that position, maintaining that qualifying event contracts fall under federal commodities regulation and CFTC jurisdiction. The conflict has produced lawsuits seeking to stop prediction market operators from offering sports contracts without state gambling licenses. Polymarket's regulated U.S. operation and its international platform remain separate. The international service uses blockchain-based settlement and wallet trading, while the U.S. exchange operates within the CFTC regulatory framework. Bautista told Reuters that Polymarket intends to provide more public detail about its surveillance program as the midterm elections approach, including how the company uses blockchain analytics, machine learning and trade monitoring to identify suspicious activity and refer cases to law enforcement.

There are three ways to stop trading prediction markets by hand, and they suit completely different people. Picking the wrong one wastes months. Here is what each route requires from you, what it gives back, and who should ignore it. Route one: the API You write code that reads market data and places orders. Full control, no interface between your logic and the market. The requirement is that you have logic worth automating. An API turns a strategy into software, and if the strategy is undefined, all you have built is a faster way to express uncertainty. There is also maintenance. Markets change, endpoints change, and a script that worked in March needs attention in August. That is ongoing work, not a one-time build. This route makes sense if you are a developer with a tested edge in a specific category. For everyone else it is a project that competes for the time you were trying to save. Route two: the terminal A terminal does not trade for you. It removes steps between your decision and the fill, which is where most of the time actually goes. Banana Predict organises markets across twelve categories with tabs for Trending, Breaking, New, Recurring and Bonding, so discovery starts from what is moving. The order entry shows a real book with price, shares and total USD depth, plus a payout preview that calculates the return on a stake before you commit. Positions sit in Portfolio, working orders in My orders, and fills in the Activity feed. A Wallet Tracker follows addresses, and a Social and X Tracker monitors accounts in real time with search by contract, symbol or user. None of that is automation in the strict sense. It is compression, and for most traders it recovers more time than a script would. Route three: copy trading Copytrade mirrors a trader selected from the leaderboard, which ranks by profit and loss alongside volume. This automates the hardest part, which is having a view. You are outsourcing judgement rather than execution. The catch is that you inherit a person rather than a system. When their edge fades, nothing alerts you, and the leaderboard will show the old number for a long time afterwards. Which one fits you If you can define your rules precisely enough to write them down as conditions, the API is worth the build. If your process is sound but slow, a terminal fixes the actual problem. If you have no view and want exposure, copy trading is honest about what it is, provided you attach your own sizing. Most people who ask about automation are in the second group and reach for the first. Cost is not the same across routes An API costs you build time and maintenance. A terminal costs you nothing beyond learning it. Copy trading costs you the spread between the original fill and yours. That last one is invisible and it is real. Your mirrored order arrives after the trader moved the market, which means you systematically pay slightly worse prices than the record you were copying. Over a few hundred positions that gap becomes the difference between matching a leaderboard trader and underperforming them while taking the same risk. The mistake all three share Automation applied to a thin market amplifies the depth problem. On a contract at 62 cents, walking two or three cents against yourself removes a large share of the expected return. Manual traders notice this because they are looking at the book. Automated entries do not, because not looking was the point. Whichever route you take, cap size against visible depth rather than against how confident you feel. The shortest useful rule Automate what you can describe. Keep manual what you can only judge. What none of them automate Resolution criteria stay yours. Markets resolve on written rules through a UMA-style process, and similar-looking contracts can resolve on different sources or dates. Read the Rules section on anything you hold in size, every time, regardless of how the position was opened. A reasonable sequence Start with a terminal and run manually for a month while tracking where the time goes. Add copy trading in one category with a fixed unit if you want exposure beyond your own reading. Consider the API only once you have a written rule set that survived a month of live conditions. Building software before you have a rule that works is the most common and most expensive order to do this in. The traders who end up with genuinely automated systems almost always arrive there slowly, after a manual process proved itself first. The ones who start with the code usually end up maintaining software instead of trading. Mirroring comes with controls that decide whether it works at all, and the full guide to copy trading on Banana Predict covers each of them. Open the Banana Pro terminal and see how much of your process is compression rather than code. ⚠ For information purposes only. Crypto carries risk. Not financial advice! Related Items:Automate Polymarket Trades, Polymarket Trades

WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity - by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year. (Reporting by Douglas Gillison in Washington; editing by Michelle Price and Nick Zieminski) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published August 31, 2026 at 4:12 AM.
WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity -- by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year.

WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity - by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year. (Reporting by Douglas Gillison in Washington; editing by Michelle Price and Nick Zieminski) Copyright Reuters or USA Today via Reuters Connect This story was originally published August 31, 2026 at 6:12 AM.
WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity - by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year. (Reporting by Douglas Gillison in Washington; editing by Michelle Price and Nick Zieminski) Copyright Reuters or USA Today via Reuters Connect This story was originally published August 31, 2026 at 5:12 AM.
WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity - by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year. (Reporting by Douglas Gillison in Washington; editing by Michelle Price and Nick Zieminski) Copyright Reuters or USA Today via Reuters Connect This story was originally published August 31, 2026 at 3:12 AM.
WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity -- by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users.

WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity -- by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year. (Reporting by Douglas Gillison in Washington; editing by Michelle Price and Nick Zieminski)
New traders can get a $20 trading bonus when they sign up with a Polymarket promo code before Aug. 29. The offer requires the code COVERS at registration and a $10 deposit to unlock your welcome bonus. Start trading on the Hawaii vs. Stanford matchup this Saturday using one of the best prediction market apps available today. Polymarket promo code details How the Polymarket Promo Code Works The Polymarket promo code delivers a straightforward welcome offer for new traders. You'll need to enter COVERS during sign-up, verify your identity with a photo ID and selfie, and deposit a minimum of $10 to activate the bonus. Once claimed, you'll have $20 in trading credit to use on prediction markets, including the Hawaii vs. Stanford game on Saturday. Here are the key terms and conditions for this offer: * Available in all U.S. states except Nevada * Must be physically located in an eligible state * Requires valid photo ID and selfie verification * Minimum $10 deposit required to unlock the bonus * Offer valid through Aug. 29 When you trade on Hawaii vs. Stanford, your $20 bonus can be applied to any prediction market on the game. If your trade wins, your profits are yours to keep. If your trade doesn't go your way, you've used your welcome bonus to explore the platform without additional cost. Comparing best prediction market promos shows that Polymarket's offer stands out for its flexibility and ease of use. Get our Hawaii vs. Stanford picks Betting analyst Brad Powers has released his Hawaii vs. Stanford picks, including a lean on Stanford to cover at home in what he views as a revenge spot for the Cardinal. * Stanford -3.0 * Hawaii +4.5 * Hawaii moneyline * Game total under 48.5 * Davis Warren over 190.5 passing yards * Micah Alejado under 260.5 passing yards * Cam Barfield over 32.5 rushing yards * JonAnthony Hall over 26.5 receiving yards * Audric Harris over 36.5 receiving yards * Audric Harris to score a touchdown Use the correct Polymarket promo code for your state How to Claim Your Polymarket Welcome Offer Follow these steps to sign up and start trading on Hawaii vs. Stanford with your $20 bonus: Pages related to this topic

In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.

Add Yahoo as a preferred source to see more of our stories on Google. In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
