On January 14, according to FT reports, the decentralized prediction market platform Polymarket recently attracted widespread attention for sponsoring the Golden Globe Awards ceremony, and its business model was once again brought into the spotlight of US regulatory laws. On the surface, this appears to be a crossover collaboration between the entertainment industry and crypto prediction markets, but behind it is a complex regulatory history traceable back to the 1958 Onion Futures Act. During this year's Golden Globe Awards, Polymarket frequently appeared in live broadcasts and pre-show programs as the "exclusive prediction market partner," guiding viewers to participate in predicting award outcomes. From Best Picture to sensitive words mentioned at the award ceremony, related contracts attracted hundreds of thousands of dollars in funding, further amplifying the platform's influence.