According to a recent report, the two heavyweight prediction markets, Polymarket and Kalshi, are said to be chatting with prospective backers about fresh fundraising rounds. Current figures place Kalshi’s valuation near $11 billion and Polymarket’s around $9 billion, and if capital does come calling, each company is eyeing a lofty $20 billion post-money valuation. Polymarket […]
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This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to...
Key TakeawaysGrayscale pressed Senate leaders for a vote before the August recess.The CLARITY Act would create nationwide rules for digital...
Key TakeawaysBancastato added bitcoin (BTC), ethereum (ETH), litecoin (LTC) and solana (SOL) without a separate exchange.Sygnum powers 25+ banks, signaling...
Key TakeawaysColdcard-linked thefts drained bitcoin from hundreds of wallets on July 30.Coinkite says Mk3 seeds had about 40 bits of...
Key TakeawaysNew York sued Kalshi for running an unlicensed gambling operation disguised as a prediction market.The state alleges Kalshi bypasses...
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