Polymarket | Crypto

After a September decision from a US regulator paved the way for Polymarket's return, the company is reportedly only weeks away from an initial relaunch. Prediction platform Polymarket is reportedly eyeing launching trading services in the United States in a matter of weeks. According to a Tuesday Bloomberg report citing people familiar with the matter, Polymarket plans to initially launch limited trades available to US residents before the end of November, with an emphasis on sports betting.  The relaunch report came about two months after the US Commodity Futures Trading Commission (CFTC) said it had issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket. This move set the stage for the company to “go live in the USA,” according to CEO Shayne Coplan. Read more

Polymarket’s Matthew Modabber confirmed the platform will eventually launch a token, but said entering the US market takes priority. Polymarket will eventually launch a token, Chief Marketing Officer Matthew Modabber confirmed on Thursday, but it will take a backseat to launching the US-facing Polymarket App. The prediction market platform secured a $2 billion investment from Intercontinental Exchange (ICE), the parent company of The New York Stock Exchange, in October at a $10 billion valuation. Moddaber said: Prediction markets Polymarket and its competitor Kalshi became mainstream in 2024, attracting individuals who are non-crypto natives into the world of digital assets and blockchain technology. Read more

Polymarket’s Matthew Modabber confirmed the platform will eventually launch a token, but said entering the US market takes priority. Polymarket will eventually launch a token, Chief Marketing Officer Matthew Modabber confirmed on Thursday, but it will take a backseat to launching the US-facing Polymarket App. The prediction market platform secured a $2 billion investment from Intercontinental Exchange (ICE), the parent company of The New York Stock Exchange, in October at a $10 billion valuation. Moddaber said: Prediction markets Polymarket and its competitor Kalshi became mainstream in 2024, attracting individuals who are non-crypto natives into the world of digital assets and blockchain technology. Read more

Polymarket will act as a clearinghouse for DraftKings’ upcoming prediction market platform, following its acquisition of Railbird earlier this week. American sports betting platform DraftKings is tapping Polymarket as the clearinghouse for its new prediction market, an industry that clocks over $4 billion in monthly trading volume. “Congrats to DraftKings on their acquisition of Railbird. We’re proud for Polymarket Clearing to be their designated clearinghouse as they enter the prediction market space,” Polymarket CEO Shayne Coplan said in an X post on Wednesday. Railbird is a Commodity Futures Trading Commission-regulated predictions market platform, which DraftKings acquired for an undisclosed amount on Tuesday. Read more

World’s Polymarket Mini App integration came amid prediction markets surging past 2024 records, with $2 billion in weekly trading volumes. World, OpenAI CEO Sam Altman’s digital identity project, formerly known as Worldcoin, is expanding into prediction markets by integrating Polymarket. World App, a mobile application that combines a digital wallet with World’s decentralized identity tool, World ID, has integrated the Polymarket App, the company announced on Tuesday. “World App users can download and access the new Mini App today in countries where Polymarket’s services are permitted,” the announcement said. Read more

Data from Polymarket showed one user with a recently opened account made more than $30,000 exclusively through bets on the peace prize winner. Norwegian officials have reportedly launched an investigation into prediction platforms’ bets on 2025 Nobel Peace Prize winner María Corina Machado as potential espionage. According to a Bloomberg report on Monday, the Norwegian Nobel Institute, the entity that assists the Nobel Committee in selecting the peace prize recipient, began investigating reports that bets on the prediction platform Polymarket surged in the hours before the announcement of Machado as the winner. Officials are reportedly still in the process of investigating whether someone “managed to steal information and made a lot of money from it,” according to the institute’s director, Kristian Berg Harpviken.  Read more

A high-stakes capital race has redefined the prediction market. Kalshi’s $300 million raise at a $5 billion valuation positioned it as the most valuable CFTC-regulated event-contract exchange in history. The firm’s expansion into 140 countries and growing list of macro and cultural markets seemed to cement its place as the global leader. Around the same […] The post Why Kalshi’s $5B valuation puts Polymarket on notice appeared first on CryptoSlate.

Whale-led manipulation and disputed rulings have shaken trust in UMA’s oracle. POLY could mark Polymarket’s move to reclaim control of how truth is decided on-chain.

MetaMask is partnering with Polymarket to offer all markets on the prediction platform, with the integration slated for later this year. Crypto wallet MetaMask will tap Polymarket later this year to expand its offerings to prediction markets, aiming to get in on the booming sector that has caught Wall Street’s attention.  The integration will make Polymarket directly available through MetaMask’s wallet, enabling users to buy and sell “shares” to bet on real-world events from elections and sports to a company’s earnings results. MetaMask’s global product lead, Gal Eldar, told Cointelegraph that the partnership is part of the firm’s goal to evolve from a crypto wallet into a gateway to global, democratized finance.  Read more

The prediction market platform has come a long way after regulators in the United States banned Polymarket from serving US clients in 2022. Shayne Coplan, the founder of prediction market Polymarket, is once again in the limelight, as prediction markets shift from regulatory bans in the United States to legitimate financial markets with institutional backing. Bloomberg named Coplan among the world’s billionaires following a $2 billion investment in Polymarket by New York Stock Exchange parent Intercontinental Exchange (ICE). Coplan launched the platform in 2020 when he was 21 after dropping out of New York University. He often worked on the platform from the bathroom in his New York apartment, he said. Read more

Intercontinental Exchange (ICE) invested $2 billion into Polymarket at a $9 billion post-money valuation, CEO Shayne Coplan announced on Oct. 7. The deal represents the most significant single investment in prediction markets and positions the sector as crypto’s emerging battleground as institutional capital seeks on-chain infrastructure with real-world utility. ICE is the owner of the […] The post ICE bets $2B on Polymarket: What it means for US prediction markets appeared first on CryptoSlate.

NYSE owner ICE pours $2 billion into Polymarket, as it gears up for a long-awaited US market comeback.

NYSE parent company, Intercontinental Exchange, has invested $2 billion in the crypto prediction market Polymarket at a $9 billion valuation. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), invested $2 billion in cryptocurrency-based prediction market Polymarket. According to a Tuesday Polymarket X post, the ICE invested $2 billion in the prediction market. The deal values Polymarket at a $9 billion post-money valuation. ICE’s NYSE is the world’s largest stock exchange by market capitalization, exceeding $25 trillion as of July 2024. Its interest is the latest move that fuses the United States’ traditional financial landscape with the cryptocurrency industry. Read more

The investment could help Polymarket return to the U.S. market, after it was shut off to U.S. users in 2022 following a settlement with the CFTC.

South Park’s Sept. 24 episode tackles prediction markets, and the crypto community is speculating if it will mention platforms such as Polymarket, Kalshi, or Myriad Markets. The episode description said Kyle and Cartman will feud over a betting app that gains popularity among their classmates, sparking immediate reactions from major platforms in the space. John […] The post South Park’s recent prediction markets feature causes speculation over Polymarket appearance appeared first on CryptoSlate.

After stepping down in 2023 as part of a deal with US officials that later sent him to prison, Changpeng Zhao said he had “no plans to return to the CEO position” at Binance. Cryptocurrency enthusiasts are speculating that former Binance CEO Changpeng “CZ” Zhao is closer to receiving a pardon from US President Donald Trump after a change to his social media profile. The odds of Zhao receiving a pardon from Trump on the prediction platform Polymarket increased to an all-time high of 64% on Saturday, but they have since dropped to 45% at the time of publication. Several users noted on Wednesday that Zhao had removed the “ex-@binance” tag — which he had added in 2023 after stepping down as CEO under a US plea deal — suggesting he may no longer be distancing himself from the exchange he founded in 2017. Read more

Prediction market Polymarket is pursuing new funding that could boost its valuation to $10 billion, as Business Insider reported on Sept. 12. Two people with knowledge of the matter said the valuation discussions represent at least a threefold increase from the $1 billion Polymarket achieved in a funding round that closed this summer. According to […] The post Polymarket seeking funding round that could surge its valuation to $10B appeared first on CryptoSlate.

Polymarket prepares US return with CFTC relief, new funding and a valuation that could soar to $10B as prediction markets gain momentum. Blockchain-powered prediction market Polymarket is reportedly preparing a US launch that could value the company as high as $10 billion, highlighting the surge of investor interest in prediction markets and crypto ventures. Citing sources familiar with the conversation, Business Insider reported Friday that Polymarket is exploring re-entering the US while seeking new funding that could more than triple its June valuation of $1 billion. One investor valued the company at up to $10 billion, the report said. As Cointelegraph reported, Polymarket was raising a $200 million round in June led by Peter Thiel’s Founders Fund, an early backer of companies including OpenAI, Paxos and Palantir. Read more

Polymarket has launched a new integration with Chainlink that upgrades how its prediction markets are priced and settled, according to a Sept. 12 statement shared with CryptoSlate. The rollout connects Chainlink’s oracle infrastructure to Polymarket’s platform on Polygon mainnet, giving traders access to faster, tamper-resistant data feeds and automated settlement tools. The system pairs Chainlink […] The post Polymarket just made Bitcoin bets settle instantly with Chainlink upgrade appeared first on CryptoSlate.

Polymarket, a Polygon-based prediction platform, is expanding infrastructure through a new partnership with decentralized oracle network Chainlink. Polymarket, a decentralized prediction market platform, is integrating Chainlink’s oracle network to improve the accuracy and speed of its market resolutions, the companies announced Friday. Polymarket has partnered with Chainlink to integrate its data standard into Polymarket’s resolution process, according to a Friday press release shared with Cointelegraph. The collaboration will initially focus on enhancing the accuracy and speed of asset pricing resolutions, with plans to expand into additional markets. Read more