The betting market focused on whether any of the seven men accused of the assault would face felony sex crime charges, generating $451K in volume before it was removed. Traders had priced the probability of a felony conviction at 28%. The company took down the page after facing pressure from lawmakers and activists who targeted celebrity endorsers, including LeBron James.
Tuesday, October 20, 2026
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US Lawmakers Condemn Polymarket for Defending Cornell Rape Case Bets
US Politics11 hours ago
Members of Congress from across the political spectrum have denounced the prediction market platform's initial decision to permit wagering on the legal outcome of a rape allegation at Cornell University. Bipartisan criticism follows the company's refusal to immediately shut down the market until reporters from various outlets questioned the platform's ethics and policies regarding such contracts.
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