The firm partnered with software company Palantir Technologies and enterprise artificial intelligence company TWG AI to develop the new platform, the release said. It will have as its technical infrastructure the Vergence AI engine created last year through a joint venture between Palantir and TWG AI.
Vergence AI provides end-to-end trade monitoring, anomaly detection models, prohibited trader screening, operations center enablement, and compliance reporting and documentation, per the release.
“Our partnership with Palantir and TWG AI allows us to apply world-class analytics and monitoring to sports markets while building tools that can help leagues and teams maintain confidence in the games themselves,” Polymarket founder and CEO Shayne Coplan said in the release. “Our goal has always been to give fans new ways to engage with the sports they love while ensuring those markets can grow responsibly on a global scale.”
It was reported March 7 that Polymarket and rival prediction market Kalshi are each targeting $20 billion valuations after being valued at half that figure in late 2025.
At the same time, the companies are facing legislation introduced in the U.S. House that would block them from offering markets on a range of topics, including sports.
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PYMNTS reported in October that prediction markets are moving into professional sports, and sports betting platforms are moving into event-based contracts.
In February, it was reported that after prediction markets had a breakout year in 2025, with trading volume increasing fourfold to $60 billion, federal regulators and prosecutors made clear they plan to crack down on fraud and insider trading in this sector.
Also in February, Kalshi announced that it reported two insider trading cases to the Commodity Futures Trading Commission. The company also said it opened 200 investigations and froze several flagged accounts over the past year.
Of the cases it reported to the CFTC, Kalshi said: “In both of these cases, our systems flagged the trades, and our surveillance team froze the traders’ accounts. Neither trader withdrew any profits.”
