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Regulators scrutinize event markets after suspiciously timed polymarket trades emerge. Polymarket, a prediction market platform, offers odds on the next pope after the death of pope francis. It lists cardinal parolin, the vaticans secretary of state, as the most likely successor with a 34% win probability, With over $28 million of bets, Polymarket, the cryptocurrencybased prediction market, has accumulated almost $4 million worth of bets on who the next pope will be.

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