US prediction market Kalshi is reviewing funding proposals that might enhance its valuation to $10–$12 billion, simply two weeks after a $300 million elevate at a $5 billion valuation. Kalshi’s rival, Polymarket, is in talks for a possible $2 billion funding from Intercontinental Alternate at a $9 billion valuation. EachContinue Reading
Prediction market Polymarket is reportedly preparing for a US launch with a new funding round that could value the company at up to US$10 billion, a significant jump from its US$1 billion valuation just three months ago. The company is in a heated rivalry with competitor Kalshi, which is alsoContinue Reading
The blockchain-based ‘prediction market’, Polymarket, has been given the green light to re-enter the US market after two companies it acquired in order to legally offer its services were issued a no-action letter by the CFTC. The no-action letter means the CFTC won’t take regulatory action for past breaches andContinue Reading
Australia’s media watchdog, the Australian Communications and Media Authority (ACMA), has asked internet service providers to block access to blockchain-based prediction market, Polymarket. The request comes after an ACMA investigation found Polymarket was offering gambling services to Australians without an appropriate license. The move sees Australia join other countries, includingContinue Reading
