Blockchain-based prediction market platform Polymarket is reportedly finalizing a $200 million funding round, a move that would push its valuation to the coveted $1 billion “unicorn” status, according to sources cited by Reuters and Bloomberg. The funding round is reportedly led by Founders Fund, a venture capital firm backed by ...
Cryptocurrency users are flocking to prediction markets following a major breakthrough in U.S. stablecoin regulation, as momentum builds behind a new legislative push and vocal support from President Donald Trump. On June 19, the decentralized prediction platform Polymarket reflected soaring optimism for the passage of the Guiding and Establishing National ...
The likelihood of Jerome Powell being removed as Federal Reserve Chair before his term ends in 2026 has dropped sharply, following a reassuring statement from U.S. President Donald Trump. According to decentralized prediction platform Polymarket, odds of Powell’s early exit have declined to 14%, down nine percentage points within 24 ...
Polymarket is facing scrutiny following a controversial settlement in a political betting market. The issue arose from a market predicting whether U.S. President Donald Trump would finalize a rare earth mineral deal with Ukraine before April. Although no agreement occurred, the market was resolved as “Yes” on March 25, leading ...
Prosecutors in Taiwan have reportedly charged a man with using the crypto betting platform Polymarket to place bets on the country's 2024 elections, which concluded on June 13. According to local reports, the Shilin District Prosecutor's Office identified the man as "Chen," accusing him of betting approximately 472 USDC on ...
