⚡ LATEST
Polymarket Faces $170K Trump Bet Lawsuit

Polymarket Faces $170K Trump Bet Lawsuit

A Polymarket bettor says the site wrongly voided his Trump “Khamenei” prediction bet, triggering a $170,000 lawsuit over the payout.

Polymarket is facing a $170,000 lawsuit over a Trump prediction bet after a bettor said the site wrongly ruled that President Donald Trump never said the word “Khamenei” in March. The case centers on a market tied to the online prediction platform’s recurring question, “What will Trump say this week?”

Jesús Manuel Gonzalez Hernandez says he bought 170,000 “yes” shares for $300 after Polymarket asked whether Trump would say “Khamenei” or “Ayatollah” during the week of March 15. If the market had been resolved in his favor, the payout would have totaled $170,000. His lawyers say White House transcripts and video of Trump speaking on Air Force One support his claim that the president said “Khamenei” twice while talking to reporters.

The lawsuit points to video in which Trump appears to say, “They showed about 250,000 people in the square, saying how much they love Khamenei,” as part of the exchange. Polymarket, however, resolved the market as “no” and did not pay Gonzalez Hernandez. The company has not commented on the suit.

At the center of the dispute is how the prediction market handled the language of the bet. Gonzalez Hernandez’s lawyers argue the rules did not require Trump to pronounce the word exactly or to be referring specifically to Mojtaba Khamenei, Iran’s supreme leader. They also say Polymarket’s explanation does not hold up, since the company argued Trump was actually referring to Ruhollah Khomeini, the Iranian leader who died in 1989.

The filing says that interpretation makes little sense in the context of Trump’s remarks. The suit argues that the president was speaking about an active war and a living adversary, not a figure who had been dead for decades. The complaint says that to hear a reference to Khomeini, one would have to be searching for a reason to deny payment.

Gonzalez Hernandez’s lawyers also accuse Polymarket of either using faulty technology or overriding its own operator to reach the “no” result. His attorney, Max Burwick, said in a statement to The Post that the case is about a customer being treated unfairly by a large company after following the platform’s written rules.

Polymarket CEO Shayne Coplan and CMO Matthew Modabber were named in the lawsuit as well, but they could not be reached for comment. The case adds another round of scrutiny to prediction markets, which have gained attention for turning politics and current events into tradable wagers. For Americans watching the spread of these markets, the fight shows how much now rides on a few words, a transcript, and who gets to decide whether a bet really won.

Frequently asked questions

What is the lawsuit about?
Jesús Manuel Gonzalez Hernandez says Polymarket wrongly denied him a $170,000 payout on a Trump prediction market. He claims Trump said “Khamenei” during remarks in March, which should have made his bet a winner.
How much did Gonzalez Hernandez say he spent on the bet?
He says he bought 170,000 “yes” shares for $300. He says the winning payout would have been $170,000.
Why did Polymarket reject the bet?
Polymarket resolved the market as “no,” saying Trump never said the word. The company reportedly argued he mispronounced a different name and meant Ruhollah Khomeini.
Who else is named in the suit?
The lawsuit also names Polymarket CEO Shayne Coplan and CMO Matthew Modabber. Neither could be reached for comment.
Full coverage: Donald Trump
Supreme Court Could Decide Trump White House Ballroom Fight on Standing
Up Next · in Politics

Supreme Court Could Decide Trump White House Ballroom Fight on Standing

4 min read Continue reading

More from Politics

View all →
📨

Never Miss a Story

Get the headlines that matter delivered straight to your inbox.