The Blockchain-Powered Prediction Market Polymarket has reportedly prepared a US launch that could appreciate the company as high as $ 10 billion, emphasizing the investor’s interest in the investor’s interest in predictions and crypto adventures.
Noted resources familiar with communication, business insider reported Friday the Polymarket explored re -entry into the US while looking for a new fund that could be more than just a triple of June $ 1 billion. An investor appreciates the company up to $ 10 billion, the report said.
Number Cointelegraph reported.
The Polymarket, a decentralized platform that allows users to trade event results without a centralized bookmaker, gained popularity during the 2024 U.S. presidential election, where markets properly expect Donald Trump’s success.
The company was prohibited from delivering US users in 2022 following a regulating with the Commodity Futures Trading Commission (CFTC). In July, however, it obtained Florida -based Derivatives QCX, which could provide a way for a regulated return to the US market.
In September, the The CFTC has released a no-action letter to QCXProviding relief from certain requirements to reporting and recording requirements for event contracts. Polymarket CEO Shayne Coplan said the decision effectively provides the platform “The Green Light to Live in the USA.”
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Blockchain guess markets get steam
Moving will come as rival platform that Moldi has been reported approaching with a $ 5 billion funding of funding, according to The information. It follows a The rise of the paradigm led in JuneWhen the company gained $ 185 million in a $ 2 billion appreciation.
Butili’s recent momentum comes from A 2024 court decision Allowed it to offer political contracts Voluntarily dropped in May of this year. Favorable decisions have left the right of the Moldi to list political event contracts under the existing regulation.
The rank of MAMILI in the most active predictions of the polymarket prophecy, measured by trading volumes and monthly active users. However, like the polymarket, its user’s base has refused since the election.
Observers in the market said Momentum was moving, that was being filed by the start of the national football league period. Market Analyst Tarek Mansour mentioned This week Butili processing $ 441 million in quantity from Kickoff, writing: “NFL Week 1 equals an election in the US.”
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