Polymarket removes contract allowing users to wager on fate of Cornell students accused of rape

Polymarket has removed a contract that permitted users to wager on the legal outcomes for Cornell students accused of rape. The company's U.S. exchange is regulated by the U.S. Commodity Futures Trading Commission, which prohibits trading on activities that are unlawful under Federal or State law. Additionally, celebrity promoters including LeBron James, Eli Manning, and Spike Lee have faced public outcry regarding the existence of the controversial betting contract on the platform.