Browsing Tag
Polymarket
6 posts
Polymarket is suddenly worth $21bn, and the hardest question is whether prediction markets are finance or gambling
Polymarket is seeking about $1 billion at a $21 billion valuation, with 1789 Capital committing roughly $300 million. The financing values the prediction-market platform at less than rival Kalshi but implies a paper value of about $4.6 billion for Intercontinental Exchange’s reported 22% stake. The harder question is whether billion-dollar annualised revenue can survive state-level legal battles, market-integrity scrutiny and a shift from speculative trading toward institutional financial infrastructure.
Strategy stock falls below $100 to two-year low as STRC preferred breaks par and Bitcoin treasury funding model faces first real stress test
Strategy stock falls below $100 to two-year low as STRC preferred breaks par, dividend coverage shrinks to 14 months, MSCI delisting risk grows. Read more.
DraftKings (NASDAQ: DKNG) eyes a World Cup boost as prediction markets close in
DraftKings (NASDAQ: DKNG) finally turned a profit, then fell 30% as Kalshi and Polymarket attack its core. A World Cup summer is now the real test.
Google engineer charged over Polymarket bets as insider trading enters prediction markets
Google search data became a betting edge. The Polymarket case shows how insider trading is moving beyond Wall Street.
Circle Internet Group (NYSE: CRCL) jumps 16% on CLARITY Act stablecoin yield compromise
Tillis-Alsobrooks broke the stablecoin yield deadlock. CLARITY now has a path to law and Circle has a stacked catalyst week ahead of May 11 earnings.
Venture capital piles into prediction markets as Kalshi secures $300m Series D
Kalshi raises $300m at a $5B valuation to expand its CFTC-regulated prediction market into 140 countries. Find out how it plans to go global.