SShortSingh.
Back to feed

Polymarket seeks $20B valuation in new funding round amid growing competition

0
·1 views

Polymarket, the blockchain-based prediction markets platform, is reportedly in talks with investors for a new funding round targeting a $20 billion valuation. This comes just months after the company completed a previous funding round that valued it at $15 billion. The latest move signals a significant jump in the platform's perceived worth in a relatively short period. The fundraising push comes as competition in the prediction markets sector continues to intensify.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Wells Fargo joins JPMorgan and Citi in tokenizing Wall Street settlement rails

Wells Fargo is entering the blockchain-based payments space, joining rivals JPMorgan and Citi in efforts to modernize Wall Street's settlement infrastructure. The bank plans to process payments using its own proprietary blockchain network. Transactions will be automatically routed through the bank's existing client-facing interface, minimizing disruption to current workflows. The move signals growing momentum among major U.S. banks to tokenize traditional financial settlement systems.

0
Crypto & Web3CoinDesk ·

Bitcoin's $63,000 Level Becomes Critical Support Zone, Glassnode Data Shows

Bitcoin is currently trading near a key technical level at approximately $63,000, which analysts at Glassnode have identified as a significant battleground for buyers. Both retail investors and large-scale holders, commonly known as whales, are actively accumulating bitcoin at this price range. The $63,000 zone aligns closely with bitcoin's 200-week moving average, a historically important long-term indicator. Glassnode's data suggests this level is drawing considerable buying interest from across the investor spectrum.

0
Crypto & Web3CoinDesk ·

Intesa Sanpaolo cuts Bitcoin ETF stake 94%, triples Ethereum ETF holding in Q2

Italian banking giant Intesa Sanpaolo dramatically reduced its exposure to BlackRock's iShares Bitcoin Trust (IBIT) by 94% during the second quarter of 2025. At the same time, the bank tripled its position in the iShares Staked Ethereum Trust ETF, signaling a strategic shift in its crypto asset allocation. Overall bitcoin ETF holdings across the tracked segment fell 35% to $69.3 million during the period. The moves came amid a broader slump in cryptocurrency prices during Q2. Intesa Sanpaolo's rebalancing reflects a growing institutional trend of selectively adjusting crypto exposure rather than exiting the asset class entirely.

0
Crypto & Web3CoinDesk ·

Dinari opens tokenized US stock access to American investors amid blockchain equity boom

Dinari is now offering tokenized U.S. stocks to eligible American investors, expanding its custodial tokenization model domestically. The move comes as competition in the blockchain-based equities space continues to intensify. Tokenized stocks represent traditional equity assets recorded and traded on a blockchain, aiming to improve accessibility and efficiency. Dinari's expansion marks a notable step in bringing this emerging financial product to a broader U.S. audience.

Polymarket seeks $20B valuation in new funding round amid growing competition · ShortSingh