Polymarket is preparing to relaunch in the US by the end of this month, and has teased an upcoming token launch.
Both Polymarket and Kalshi traders ignored late polls showing D66 gaining ground, keeping Geert Wilders’ PVV priced as a sure thing until exit polls forced a repricing that erased millions in misplaced bets.
Polymarket previously announced it would launch a token and had acquired a CFTC-registered entity.
Polymarket’s U.S. comeback follows record trading volumes and growing competition in the prediction market sector.
"There will be a token, there will be an airdrop," CMO said as the platform nears an official U.S. return via a regulated exchange.
Polymarket's Matthew Modabber said the prediction market will issue a POLY token and an airdrop after its U.S. app rollout.
That level would mark a more than 10-fold increase since June, when Polymarket raised $200 million at a $1 billion valuation.
Less than two weeks ago, the prediction platform startup raised more than $300 million at a $5 billion valuation.
The move represents an advancement for Polymarket's B2B operations, adding to its substantial foothold in the retail prediction market space.
The league's first-ever licensing agreements with non-sportsbook platforms mark a shift in pro sports’ embrace of event-based derivatives.
Kalshi and Polymarket are pricing in a shutdown that lasts over 40 days.
Polymarket has launched up/down equity and index markets in a new Finance hub weeks after its U.S.-cleared earnings markets debuted.
The two platforms combined for a record-setting $1.44 billion in volume during September, reflecting surging mainstream interest.
A trader with a new account and no prior betting history placed a $70,000 bet on Venezuelan opposition leader Maria Corina Machado winning the prize.
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 […]
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Kalshi raised $300 million at a $5 billion valuation on Friday after recently overtaking Polymarket in global market share.
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.
Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants continue to speculate on whether the flagship crypto could fall below this psychological level if a full-blown bear market were to occur. Bitcoin Price Has Likely Turned $100,000 Into Support PlanB stated in an X post that he will not be surprised if the Bitcoin price does not drop below $100,000 again as the market witnesses the $100,000 resistance turn into $100,000 support. The analyst further noted that the September close was the fifth consecutive monthly close above that psychological price level. Related Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 PlanB stated that the same thing happened when the Bitcoin price was trading at $10,000, $1,000, $100, and $10. The analyst’s remarks came as he noted that 63% of people think that Bitcoin will drop below $100,000. Notably, there were more calls for a drop below $100,000 towards the end of September when BTC dropped to as low as $108,000. Crypto influencer Ansem was among those who predicted that the flagship crypto would likely retest $90,000. However, the Bitcoin price has since staged a remarkable comeback from the $108,000 lows, rallying to a new all-time high (ATH) above $126,000 to start the month. As a result, BTC is already up 7% to start the month, with October notably the flagship crypto’s second-best performing month after November, based on historical data. It is worth noting that the Bitcoin price has traded above $100,000 since May 8 and has now been above this psychological level for over 150 days, its longest streak. Meanwhile, market participants are currently betting that it will likely stay this way. According to Polymarket data, there is only a 25% chance that BTC will drop below $100,000 by the end of this year. BTC Bull Market Still On Crypto analyst Titan of Crypto declared that the crypto market is still on and questioned why market participants were in a rush to call the top. The analyst noted that the Stoch Relative Strength Index (RSI) crossovers keep aligning with strength. He added that the chart will tell them when the bull run is over, but for now, that is not the case. Related Reading: Bitcoin’s 2021 Playbook Shows The Final Price Target For This Bull Cycle In another analysis, Titan of Crypto revealed that the Bitcoin price continues to print higher highs and higher lows. Based on this, he raised the possibility that BTC could rally to as high as $160,000 by the end of the year. This aligns with predictions by JPMorgan and Standard Chartered, which predict that BTC can reach $165,000 and $200,000, respectively, by year-end. At the time of writing, the Bitcoin price is trading at around $122,000, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Shayne Coplan’s net worth reportedly passed $1 billion after the New York Stock Exchange's owner valued Polymarket at $8 billion.
The crypto wallet said will allow users to bet on real-world outcomes as part of an exclusive partnership with Polymarket, coming later this year.
MetaMask has launched perpetuals trading and plans to integrate with Polymarket to offer prediction markets.
Polymarket CEO Shayne Coplan said the prediction market closed $55M at a $350M valuation and $150M at a $1.2B valuation in previously undisclosed rounds.
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.
ICE is in advanced talks to invest $2 billion in Polymarket, potentially valuing the platform between $8 billion and $10 billion, according to WSJ.
Polymarket has enabled bitcoin deposits on its prediction market as BTC trades near record highs and punters favor a $130,000 October peak.
The odds of a U.S. government shutdown have reached an all-time high on Polymarket, at 82% that lawmakers will fail to pass the necessary funding by the October deadline. As bipartisan talks stall and key meetings are canceled by President Trump, both parties appear unwilling to budge. The stalemate is turning up the risk of […]
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Kalshi’s weekly trading volume exceeded $500 million with an average open interest of around $189 million, surpassing Polymarket’s figures, according to Dune analytics data.
Crypto prediction platform Polymarket has become the subject of a token launch speculation after its parent company Blockratize’s latest filing with the US Securities and Exchange Commission (SEC). In the document, the company disclosed that it had sought to raise $257 million, of which $135 million was sold. The firm still has about $122 million […]
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Chainlink (LINK), one of the crypto market’s leading providers of decentralized oracle solutions, has announced a partnership with the prediction market platform Polymarket. Polymarket Integrates Chainlink On Polygon According to Friday’s announcement, the new integration is now live on the Polygon (POL) mainnet, enabling Polymarket to establish secure and real-time prediction markets centered around asset pricing, including numerous active cryptocurrency trading pairs. This collaboration also explores new methodologies to address more subjective questions. By doing so, Polymarket seeks to reduce its dependence on social voting mechanisms, thereby mitigating resolution risks in its markets. Related Reading: Bitcoin Crawls Up On Weak Supply: 30D Momentum Reveals It Lacks Real Demand The integration combines Chainlink Data Streams, which deliver low-latency, timestamped, and verifiable oracle reports, with Chainlink Automation, ensuring timely and automated on-chain market settlements. This infrastructure reportedly allows for swift resolution of any asset pricing predictions, such as Bitcoin (BTC) price forecasts, based on predetermined parameters. Sergey Nazarov, Co-Founder of Chainlink, commented on the partnership, stating that Polymarket’s decision to integrate Chainlink’s oracle infrastructure is a “pivotal milestone” that transforms the creation and settlement of prediction markets. He emphasized that when outcomes are determined by high-quality data and tamper-proof computation, prediction markets evolve into reliable signals that can be trusted globally. This partnership is viewed as a significant advancement toward a future grounded in cryptographic truth. $100 Billion In DeFi Value Chainlink has established itself as a leading data infrastructure provider, securing nearly $100 billion in total value across various decentralized finance (DeFi) applications and facilitating transactions worth tens of trillions. The protocol’s reliability stems from its decentralized network of independent node operators, which ensures that applications function seamlessly without single points of failure. Polymarket, on the other hand, launched in 2020, has rapidly grown into a source for real-time information. Its recent acquisition of QCEX, a CFTC-licensed exchange and clearinghouse for $112 million, highlights its goal to re-entering the US market. Additionally, Polymarket has partnered with X (formerly Twitter) to offer integrated products that provide users with data-driven insights and personalized market recommendations. Related Reading: XRP Price Gets Tighter: Here’s The Level Keeping It From Price Discovery Looking ahead, market analysts are predicting that Chainlink’s growing adoption could lead to significant milestones in the coming years. One expert speculated that by 2030, Chainlink could surpass XRP in market significance. In a social media post, crypto expert Fishy Catfish outlined various predictions, suggesting that Chainlink will become the dominant platform for building financial workflows on-chain and that the future will be characterized by asset-centric and application-centric ecosystems rather than chain-centric ones. When writing, Chainlink’s native token, LINK, surged by 5%, reaching $24.70. This price increase has caused the cryptocurrency to outperform its peers, such as Bitcoin, which has seen gains of 87% compared to LINK’s 133% year-to-date uptrend. Featured image from DALL-E, chart from TradingView.com
That would be a massive jump as the betting platform raised funds at just a $1 billion valuation just back in June.