By SectorWire desk ·
The report said that Citadel invested $400m in Crypto.com at a $20bn valuation. Management plans to invest across asset classes, including prediction markets.
The funding round adds $400m in capital at a reported $20bn valuation.
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Linked through shared companies, regulators and people, or one step further through the graph.
The applications could enable Blockchain.com to seek approval to bring prediction markets and regulated trading to US users.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.
Conflicting circuit decisions leave disputed whether federal law overrides state gambling rules for sports contracts.
The ruling subjects disputed Nevada sports event contracts to gambling rules, while DraftKings and Flutter shares gained.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Connecticut’s orders require nine platforms to halt sports event contracts and other alleged unlicensed online gambling while permitting withdrawals.