By SectorWire desk ·
Polymarket raised US$1bn in a funding round led by 1789 Capital. The financing valued the prediction market platform at US$21bn, up from US$15bn a few months earlier.
Polymarket’s funding adds US$1bn in capital and raises its valuation from US$15bn to US$21bn.
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Kalshi identified suspected trading misconduct, imposed a permanent exclusion and referred the matter to federal authorities.
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
State regulators argue sports contracts require gambling licences, challenging platforms operating under CFTC oversight with substantial sports trading activity.
Federal backing for permitted operators and insufficient congressional support underpin a lawyer’s assessment that states would gain no midterm advantage.
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The proposed round would provide Polymarket with $1bn in additional capital.