“Alongside, Trump Jr. Will Join The Polymarket Advisory Board.”, – WRITE: www.coindesk.com
The Investment Comes As Part of A Push by 1789 Capital Into Crypto-Related Infrastructure and Alternative Finance Tools. Accorging to Axios, 1789 Committed Tens of Millions of Dollars to Polymarket and Had Been in Discussions with The Company for the Past 18 MONTS.
Polymarket, WHICH ALLOWS USERS TO BET ON THE OUTCOMES OF REAL-WORLD EVENTS SUCH AS ELECTS, CURT RULINGS AND GOOPOLITICAL CONFLICS, HAS SEEN Sharp Grow in USER ACTIVITY. Durying the Last US Election Cycle Alone, The Platform Has Processed More Than $ 8 Billion in Bets. That volume has put it ahead of major online Sports Betting operators like fanduel, DraftKings and Betfair in Terms of Traffic.
The Company Recently Closed in on A $ 200 Million Funding Round Led by Peter Thiel’s Founders Fund, Pushing ITS VALUATION TO $ 1 Billion.
While Polymarket Currently Blocks US-Based USERS FROM PARTICIPATING IN ITS BETTING MARKETS DUE TO REGULATORY RESTERRICPSIONS, ITS RECENT ACQUISION OF DERIVATIVSE Exchange QCEX COUND. QCEX HOLDS A LICENSE FROM The US Commodity Futures Trading Commission (CFTC), WHICH OPENS The DOOR FOR POLYMARKET TO OFFER LEGALLY COMPLANT PROPLANT PREDICTION MARKETS TO AMERICAN User In The Future.
Predict Markets – WHERE USERS STAKE FUNDS ON THE OUTCOMES OF EVENTS – HAVE DRAWN RENEWED ATIR ACCAURACY AND SPEED COMPEDATIONAL PULLING OR PUNITRY. In the Run-Up to Elections or Court Rulings, Tese Markets offen Serve as Real-Time Gauges of Public Sentiment and Risk Assessment.
The Investment Aligns with 1789 Capital’s Stated Mission to Back Technologies that Reinforce “American Dynamism” and Self-Suffering.
X Icon
Token Tests $ 3.08 Resistance on Heavy Flows Before Consolidating Near the $ 3.00 Psychological Mark.
- CME Group’s Crypto Futures Surpassed $ 30 Billion in Nocial Open Interest, with Xrp Futures Reaching $ 1 Billion in Just Over Three Months.
- Xrp’s Price Increated by 3.60% from $ 2.89 to $ 2.99, with A Significant Volume Spike at $ 3.08 Before Retreating.
- Traders Are Monitoring Whather Xrp Can Mainten Support at $ 2.99– $ 3.00 and The Potential for a Breakout Above $ 3.08.
Read Full Story