Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Polymarket quietly raised more money before the FBI raided the CEO’s apartment.
A new tidbit about the prediction markets startup from last week’s issue of Command Line:
Coplan recently raised, but has yet to announce, a $30 million round of funding at a $350 million valuation. And in recent conversations with investors (a surprising number of whom passed on the round, which was less than Coplan hoped to raise), I’m told he was noncommittal about whether the company would work to get the Commodity Futures Trading Commission license it needs to operate in the US.
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