RESOLVING THE LEDGER
This is one outlet's own report from CoinDesk — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 3 sources
According to the person, the company closed a funding round at a $15 billion valuation in April which included a $600 million investment from the Intercontinental Exchange, the owner of the New York Stock Exchange.
In June, Polymarket told CNBC that its annualized revenue had climbed well above $1 billion even after the platform saw a decline in trading volumes in April and May which were offset by record highs during the World Cup.
Polymarket founder and CEO Shayne Coplan has long argued Polymarket should be viewed as an information platform rather than a betting site. In a March appearance, he said prediction markets let people "put your money where your mouth is" when they disagree with consensus, describing the platform as "a very useful thermometer of the world" that helps people assess the likelihood of future events. He also said his long-term vision is to expand beyond headline events into a broader "almanac for the future" covering a much wider range of markets.
Prediction markets continue to gain momentum in the U.S. with many crypto-native companies adding the feature to their product offerings, including Coinbase (COIN) and Robinhood (HOOD).
Polymarket’s biggest competitor, Kalshi, is reportedly seeking new capital at a $40 billion valuation , nearly double the number it had raised money at during an earlier funding round. Kalshi operates a federally regulated exchange in the U.S. while Polymarket uses blockchain infrastructure and cryptocurrency-based settlement, making each attractive to a different crowd of traders.
1 Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him 2 minutes ago 2 Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails 37 minutes ago 3 Bitcoin’s $63,000 zone emerges as key battleground for buyers: Glassnode 1 hour ago 4 Intesa Sanpaolo slashed IBIT stake by 94% in 2Q, tripled ether ETF holding as crypto prices slumped 1 hour ago 5 Dinari brings tokenized U.S. stocks to American investors as equity race heats up 2 hours ago 6 As Clarity Act teeters, mystery group hammers away at crypto in Washington ads 3 hours ago 7 BitGo’s WBTC move pushes LayerZero-to-Chainlink tally near $15 billion 3 hours ago 8 BNY to add crypto staking to digital asset custody platform 3 hours ago 9 Coldcard urges users to move bitcoin as exploit is still in progress 4 hours ago 10 The bitcoin market has plenty of reasons to freak out, yet calm pervades 5 hours ago Latest Research The Evolution of the Crypto CEX Landscape: A Case Study on Binance The Evolution of the Crypto CEX Landscape: A Case Study on Binance Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.