New York, Sunday, September 29, 2024 – Polymarket is considering a token launch to raise over $50 million for its decentralized predictions platform, built on Polygon, according to The Information.
The platform could use tokens to validate real-world event outcomes, although no decision has been finalized. Polymarket recently raised $45 million in a Series B round backed by Founders Fund and Ethereum co-founder Vitalik Buterin.
In other news, the Celestia Foundation raised $100 million in a funding round led by Bain Capital Crypto. Celestia’s modular blockchain network aims to enhance scalability, leveraging “data availability sampling” technology.
On the regulatory front, Rep. Maxine Waters is pushing for a “grand bargain on stablecoins” by the end of 2024, aiming to conclude two years of legislative work. Waters and Rep. Patrick McHenry have been collaborating on a stablecoin regulatory framework, though progress has been slow.
