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Kalshi, Polymarket eye $20B valuations in potential fundraising: WSJ

Kalshi and Polymarket, two platforms specializing in prediction markets, are reportedly seeking to raise funds that could value them at $20 billion each. The potential fundraising efforts come amid a growing interest in prediction markets, which allow users to bet on the outcomes of various events. Both companies are exploring new investment opportunities to capitalize on this trend. The Wall Street Journal highlighted that this valuation reflects the increasing demand for innovative financial products in the cryptocurrency and decentralized finance sectors.

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Kalshi Sued Over Refusing to Pay Out Prediction Market After Iran Leader's Death

Kalshi, a prediction market platform, is facing a lawsuit for allegedly refusing to pay out on a prediction market bet following the death of Iran's Supreme Leader, Ayatollah Ali Khamenei. The lawsuit claims that Kalshi did not honor the contract despite the event occurring, which has raised concerns

Inside the Quest at Colossus to Replace Visa and Mastercard With KYC-Less Crypto Cards

Colossus is developing a new type of crypto card aimed at replacing traditional payment systems like Visa and Mastercard by eliminating the need for Know Your Customer (KYC) processes. The card will allow users to make transactions without revealing their identities, appealing to those who prioritize privacy. Colossus aims to

The Multibillion-dollar shift turning prediction markets into a professional hedging tool

Prediction markets are evolving into a significant financial tool for professional hedging, with a multibillion-dollar shift in investment strategies. These markets allow participants to bet on the outcomes of various events, and their growing sophistication is attracting institutional investors. Major firms are now utilizing prediction markets to manage risk and

Trump's cyber strategy vows to 'support the security' of cryptocurrencies and blockchain

Former President Donald Trump's cyber strategy emphasizes the importance of securing cryptocurrencies and blockchain technology. The strategy aims to bolster the security framework surrounding digital assets, addressing concerns about cyber threats and fraud. Trump's plan includes collaboration with private sector stakeholders to enhance cybersecurity measures in

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Kalshi Sued Over Refusing to Pay Out Prediction Market After Iran Leader's Death

Inside the Quest at Colossus to Replace Visa and Mastercard With KYC-Less Crypto Cards

The Multibillion-dollar shift turning prediction markets into a professional hedging tool

Trump's cyber strategy vows to 'support the security' of cryptocurrencies and blockchain