Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ
Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.
Prediction Markets
Polymarket shelves nuclear detonation markets after outcry
Nuclear weapon-themed markets aren’t new on the prediction market platform, but public outcry about the contracts has apparently forced the platform to delete them.
Trump’s CFTC Pick Says U.S. Can Boost Crypto Innovation and Shield Consumers
Brian Quintenz told senators at his confirmation hearing for CFTC chairman that Congress needs to ensure “full promise” of digital assets’ potential.
Polymarket, UMA Communities Lock Horns After $7M Ukraine Bet Resolves
The bet was resolved as ‘yes’ despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.
Trump’s CFTC Head Slams Prediction Markets Resistance Under Predecessor
Caroline Pham, the agency’s acting chairman, is scheduling an experts roundtable to reset the CFTC’s course on this “sinkhole of legal uncertainty.”
Polymarket’s Customer Data Sought by CFTC Subpoena of Coinbase, Source Says
The U.S. Commodity Futures Trading Commission is said to be seeking information about customers’ interactions with the prediction market site Polymarket.
Shayne Coplan: He Took Prediction Markets Mainstream
In so doing, Polymarket’s founder demonstrated a real-world consumer use case for crypto, earning him a spot on CoinDesk’s Most Influential 2024 list.
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing.
Polymarket CEO’s Home Is Raided by FBI
Shayne Coplan’s prediction market saw enormous activity leading up to the U.S. presidential election.
French Regulator Says It’s ‘Examining’ Polymarket
The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election