Polymarket Seeks $50M Funding Amid US Election Hype
Polymarket is seeking $50 million in funding amid U.S. election betting interest and may issue its token for verifying real-world event outcomes. Polymarket, a crypto prediction market platform, is purportedly seeking to secure $50 million in additional financing in response to the ongoing speculation regarding U.S. election betting. According to a report, the New York-based […]
Kamala Harris Leads in Swing States on Polymarket
As the 2024 election nears, Vice President Kamala Harris leads in 4 of 6 swing states, with her strongest showing in Michigan (66%). As the 2024 election approaches, Vice President Kamala Harris has won 4 of the 6 swing states on Polymarket. These states include Wisconsin, Pennsylvania, Michigan, and Nevada, which she won most recently. […]
CFTC Monitors Polymarket, Offshore betting Platforms – Chair
The United States Commodity Futures Trading Commission has announced that it closely monitors Polymarket and other offshore crypto betting platforms that provide derivatives contracts to US consumers. In a Jul. 17 discussion at the Georgetown Psaros Center for Financial Markets and Policy, CFTC Chair Rostin Behnam stated, “We are monitoring any offshore activity that is […]
Gemini Urges CFTC to Withdraw Event Contracts Rule
Gemini’s co-founder argued that platforms like Polymarket which offer unmatched transparency and integrity. The cryptocurrency exchange Gemini has withdrawn a proposed legislation that, if approved would prohibit all event contracts on decentralized prediction markets and has requested its return to US regulators. Gemini noted in a letter to Christopher Kirkpatrick, the secretary of the United […]
Winklevoss Twins Oppose CFTC Rule To Ban Event Contracts
The Winklevoss twins joined Coinbase to urge the US CFTC to overturn its vague event contract restriction that affects Polymarket. On Saturday, Tyler and Cameron Winklevoss urged the U.S. Commodities Futures Trading Commission (CFTC) to retract its proposed rule on event contracts. Crypto firms, including Coinbase, have also opposed this rule, which could potentially ban prediction […]