Polymarket Surges to $9B Valuation
Polymarket and Kalshi consider new funding rounds at $9B and $5B valuations, respectively, per The Information. #Update #Finance
Polymarket and Kalshi consider new funding rounds at $9B and $5B valuations, respectively, per The Information. #Update #Finance
@Polymarket integrates with @Chainlink to automate settlement of asset-price-related markets, reducing tampering risks. Initial focus on crypto prices; expansion to subjective markets planned. #Update #Crypto $LINK
@Polymarket is considering a deal valuing the company at $9 billion, up from $1 billion three months ago, following CFTC approval to operate in the U.S. #Update #Crypto $POLY
@Polymarket integrates Chainlink’s oracle system on Polygon, enabling instant settlements for Bitcoin and Ethereum markets. This aims to enhance fairness and transparency amid governance scrutiny. #Update #Crypto $BTC $ETH
Prediction markets indicate Democrats lead for House in 2026, Republicans for Senate; JD Vance tops 2028 presidential race. #Update #Politics
A leading trader on @Polymarket, JustWakingUp, bets $15,000 on a 50 bps Fed rate cut next week, showing a 3% gain; market expects a 25 bps cut. #Update #Crypto $BTC
Traders expect the Federal Reserve to cut interest rates by 25 basis points at its September meeting. #Update #Finance
@Coinbase has added Donald Trump’s official memecoin, $TRUMP, to its listing roadmap. Trading at $58.45, $TRUMP’s fully diluted valuation is approximately $68 billion. Trump’s inauguration as the 47th President today may influence US crypto policy. #Update #Crypto $TRUMP (+6) ↗
Singapore has banned access to @Polymarket as part of a crackdown on unlicensed online gambling, affecting 3,800 sites and blocking $37M in transactions. Violators face fines or imprisonment. #Update #Legal (+6) ↘
Polymarket’s peculiar 2024 bets included Kamala Harris saying “brat” ($67K volume) and Trump smoking weed with Joe Rogan ($200K). It amassed $8B in trading volume this year, driven by the presidential race (over $3B). #Update #Crypto @Polymarket ↗ (+3)
@Kalshi and @Polymarket see rising bets on $DOGE ETF approval, Federal Reserve rate cuts, and Super Bowl outcomes as 2025 approaches, reflecting high anticipation for the year’s events. #Update #Crypto @Kalshi ↗ +3
According to @Polymarket, bettors show 30% confidence in $BTC reaching $100,000 by year-end, but 21% believe it could hit $150,000 by March 2025, highlighting mixed sentiment on Bitcoin’s future. #Update #Crypto @Polymarket ↗ (+3)
Vitalik Buterin defends prediction markets like Polymarket, arguing they foster rational discourse by tying financial stakes to conflict predictions. He suggests “soft caps” to limit market sizes and mitigate harmful incentives, balancing insight with ethics.
Drift launches BET on the Solana blockchain, allowing users to stake over 30 cryptocurrencies like $USDC and $SOL while earning yield. BET features “structured bets” for hedging predictions and a rewards system called FUEL. #crypto #Solana