Yueqi Yang

Polymarket is in early talks to raise about $1 billion at more than $20 billion valuation, Bloomberg reported , citing unnamed people familiar with the matter.The prediction market has also completed its earlier fundraising round of about $1 billion at a $15 billion valuation in April, with D.E. Shaw and G Squared as new investors. Intercontinental Exchange, the parent of the New York

World Cup wagers helped double Kalshi’s revenue to a more than $4 billion annualized rate in July, from a pace of over $2 billion two months earlier, a person familiar with the matter said. That growth is set to drive another jump in the prediction market’s valuation. Kalshi is in advanced talks ...

The Senate’s postponement of a vote on the crypto regulatory law, the Clarity Act, ensures that the legislation is all but dead for the moment. But it didn’t cover some of the fastest-growing parts of the crypto market. And firms in those sectors have been hard at work lobbying regulators to ...

Kalshi, the biggest prediction market, is in advanced talks to raise at least $750 million in a new financing round at a $40 billion valuation, according to people familiar with the matter.Sequoia Capital and Wellington Management are in talks to be co-lead investors, some of the people said. The funding size is not finalized and is subject to change, the people said.Sequoia is an

The U.S. Securities and Exchange Commission said on Tuesday it is proposing new rules for certain crypto assets for the first time, after a landmark crypto legislation, the Clarity Act, ran into delay in Congress.The proposal is focused on fundraising through crypto token offerings. It includes exemption from some registration requirements for offerings up to $5 million during a four-year

A new behind-the-scenes exchange called Rothera is betting it can capture a significant share of prediction market trading without running its own consumer app.Prediction markets are dominated by Kalshi and Polymarket, which operate consumer-facing apps as well as exchanges that also handle ...

President Donald Trump said U.S. regulators are working to bring Hyperliquid, a popular offshore venue for perpetual futures, to the U.S. The price of Hyperliquid token jumped 22% after the remark.“I understand that Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” said Trump at a White House crypto meeting Wednesday, referring

PayPal shares tumbled 12% on Friday after a Bloomberg report that Stripe and private equity firm Advent International had abandoned their attempt to buy the company.Shares of PayPal fell to $54 as of Friday morning, lower than the $60.50 per share price that Stripe and Advent had offered in July, which would value PayPal at more than $53 billion. PayPal viewed that offer as insufficient and

Anthony Armstrong, former chief financial officer at SpaceX’s xAI, is joining Coinbase’s board, Coinbase said.Armstrong, who has no relation to Coinbase CEO Brian Armstrong, left xAI as CFO earlier this year after joining last fall. Before joining xAI, Armstrong, a former Morgan Stanley banker, advised on Elon Musk’s Twitter takeover in 2022. In 2025, he worked for Musk’s Department of