Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs

The "combinatorial outcome contracts" would resolve if every part of an underlying contract resolved, according to a filing.

Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs. The "combinatorial outcome contracts" would resolve if every part of an underlying contract resolved, according to a filing. Prediction market provider Polymarket filed to list parlays in sports event contracts in the U.S. on Wednesday, according to a self-certification filing with the Commodity Futures Trading Commission. Polymarket filed to list "combinatorial outcome contracts" on Wednesday, describing these event contracts — the official term for prediction markets — as combining two or more underlying contracts. Moreover, all of the underlying contracts would have to settle to the specific outcome that the user sets. "Every outcome must be satisfied for the Contract to resolve to $1.00. The Contract resolves to $1.00 if and only if every leg is s...