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Crypto Trends

Prediction Market Polymarket Poised to Relaunch in US Within Days

by admin October 1, 2025



In brief

  • Polymarket is set to reopen to U.S. users, possibly as soon as tomorrow.
  • The relaunch comes nearly four years after being banned by the CFTC and after its $112 million acquisition of CFTC-licensed exchange QCX LLC.
  • The company has begun self-certifying event contracts including athletic events and election markets.

Prediction market Polymarket is set to reopen to U.S. users, nearly four years after being effectively banned by the CFTC, and could do so as soon as tomorrow, regulatory filings show.

Polymarket, which operates a cryptocurrency-based prediction market on the Polygon network, has begun self-certifying its own event contracts, flexing its authority to do so through the CFTC-licensed exchange it acquired in July.

Polymarket acquired QCX LLC, which is now doing business as Polymarket US, for $112 million. By acquiring the company, Polymarket gained a Designated Contract Market license that grants it the ability to self-certify markets available to U.S. users.

After the acquisition, Polymarket had to wait a few weeks for the CFTC to issue a no action letter to say that it would not pursue enforcement over alleged violations for “swap data reporting and recordkeeping regulations.” When that letter arrived the first week of September, Polymarket CEO Shayne Coplan said that was the company’s “green light to go live in the USA.”



Polymarket rose to prominence in the lead-up to the 2024 election, when users on the platform correctly predicted the reelection of President Donald Trump. Since then, prediction markets have caught fire, with both Polymarket and its largest competitor, Kalshi, pulling in hundreds of millions in weekly trading volume. More recently, Kalshi has pulled ahead in terms of market share, buoyed by its established presence in the U.S. through its own DCM license.

Now, Polymarket, DCM license in hand, is targeting those same coveted U.S.-based users, through regulated and self-certified markets.

Self-certification is the default way for CFTC-regulated firms to operate. Once a DCM holder submits a form explaining that its new market complies with all relevant law and regulations, the CFTC has one business day to object. If it doesn’t, the market can be listed right away.

But in this case, Polymarket US has explicitly said that the markets will be listed “no earlier than October 2, 2025.” The four filings include certifications for athletic event, athletic spread, and total athletic score contracts and election winner event contracts.

Polymarket did not immediately respond to a request for comment on its relaunch from Decrypt.

But the company’s CEO had plenty to say about the changing regulatory landscape in the U.S. during a D.C. panel on Monday. Coplan appeared on a joint Securities and Exchange Commission and Commodities Futures Trading Commission panel with executives from Cboe Global Markets, Nasdaq, Kalshi, and Kraken.

“I think that it’s pretty clear with this administration that we want the regulators to cultivate DeFi,” he said, referring to the sort of decentralized financial activity that takes place natively on blockchain networks without third-party intermediaries. He added the caveat that he thinks innovators know better than regulators how to build smart contracts—that is, the software that runs crypto applications—that will provide investor protections.

“I think that puts the onus on us and other players in the space to go and get inventive and come up with solutions that both embody the spirit of the rules that you see in traditional financial regulation with what’s capable of the technology,” Caplan added.

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October 1, 2025 0 comments
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Polymarket
Crypto Trends

Polymarket Set For $10 Billion Valuation As US Relaunch Nears – Report

by admin September 14, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to the latest reports, crypto-based prediction platform Polymarket is preparing for a new funding round that could see its valuation rise to $10 billion. This move to raise additional capital comes as the company prepares to relaunch in the United States.

On September 3, Polymarket CEO Shayne Coplan revealed on the social media platform X that the prediction site has received the green light from the Commodity Futures Trading Commission (CFTC) to launch in the United States.

Polymarket, which became increasingly popular during the 2024 US presidential election, has been subject to regulatory scrutiny for the majority of this year. However, this approval decision from the CFTC marks the conclusion of investigations into the prediction platform’s activities.

Prediction Platform To At Least Triple Its $1 Billion Valuation

According to a September 12 report by Business Insider, Polymarket is readying for another funding round that could triple its June valuation of $1 billion. Citing unnamed sources, the report stated that at least one investor has offered a term sheet to raise Polymarket’s valuation to as high as $10 billion. 

The crypto-based prediction marketplace reached “Unicorn” status and a $1 billion valuation in June after completing a $200 million funding round. Multiple reports revealed that the company’s last capital raise was led by Peter Thiel’s Founders Fund—famous for its early backing of startups like OpenAI, Paxos, and Palantir.

A separate report revealed that Polymarket has considered an offer that would see its company grow to as high as $9 billion. This report also claimed that the company’s major competitor, Kalshi, is closing in on a $5 billion valuation in a new funding round.

While activity on Polymarket seems to hover around $1 billion after a $2.5 billion peak in November 2024, there are high hopes for the prediction market site upon its return to the US. However, the company still faces some restrictions in other countries, including Singapore, France, Thailand, and so on.

Polymarket And Chainlink Build New Partnership

In a press release on Friday, Chainlink disclosed its partnership with Polymarket to integrate its oracle network into the prediction platform’s resolution process. The blockchain network claims that this collaboration will improve the accuracy and speed of Polymarket’s market resolutions.

Sergey Nazarov, Chainlink co-founder, said: 

Polymarket’s decision to integrate Chainlink’s proven oracle infrastructure is a pivotal milestone that greatly enhances how prediction markets are created and settled. When market outcomes are resolved by high-quality data and tamper-proof computation from oracle networks, prediction markets evolve into reliable, real-time signals the world can trust.

Chainlink joins Polymarket’s growing list of strategic partnerships, coming after the prediction platform’s collaboration with Elon Musk’s X to launch an integrated product that offers data-driven insights and recommendations to users.

The price of LINK token on the daily timeframe | Source: LINKUSDT chart on TradingView

Featured image from The Information, chart from TradingView

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September 14, 2025 0 comments
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ETHZilla’s NASDAQ relaunch puts $419m Ethereum treasury in the spotlight
Crypto Trends

ETHZilla’s NASDAQ relaunch puts $419m Ethereum treasury in the spotlight

by admin August 18, 2025



The rebranded firm, now holding 94,675 ETH, is betting big on Ethereum’s long-term value, with backing from Polychain, Founders Fund, and key DeFi founders.

Summary

  • ETHZilla debuts on NASDAQ with a $419m Ethereum treasury, rebranding from biotech firm 180 Life Sciences.
  • Backed by Polychain, Founders Fund, and DeFi leaders, ETHZilla aims to be a major corporate ETH holder.

According to a press release dated August 18, ETHZilla Corporation has officially completed its rebranding and transition from biotech firm 180 Life Sciences to a dedicated Ethereum (ETH) treasury vehicle.

The company’s shares began trading under the new ticker “ETHZ” on the same day, marking a strategic shift toward accumulating and managing one of the largest corporate ETH holdings in public markets.

“Today, we are embracing our identity as ETHZilla and our commitment to developing a market-leading strategy that seeks to bring the value of Ethereum to investors in the public markets,” McAndrew Rudisill, Executive Chairman of the Board of Directors of the Company, said.

With 94,675 ETH acquired at an average price of $3,902 and now worth approximately $419 million, the move signals a growing institutional embrace of Ethereum as a treasury asset.

ETHZilla’s institutional backing and pivot into Ethereum

According to ETHZilla’s announcement, its treasury strategy is designed to leverage Ethereum’s dual role as both a store of value and a yield-generating asset. The company said it has partnered with Electric Capital to maximize returns through staking, DeFi lending, and liquidity provisioning, positioning the firm to benefit from Ethereum’s expanding utility beyond mere price appreciation.

The pivot from biotech to Ethereum treasury management came after ETHZilla raised $565 million in private funding, with backing from over 60 institutional and crypto-native investors.

The list features both a deep bench of both institutional capital and Ethereum-native builders. Polychain Capital, Electric Capital, and Peter Thiel’s Founders Fund anchor the institutional side, while key DeFi founders, including EigenLayer’s Sreeram Kannan, Lido’s Konstantin Lomashuk, and Compound’s Robert Leshner, lend credibility to the venture. Their participation suggests confidence not just in ETHZilla’s model, but in Ethereum’s long-term viability as a cornerstone of decentralized finance.

While ETHZilla’s treasury strategy dominates headlines, the company hasn’t abandoned its roots entirely. The company said its legacy biotech assets remain part of the portfolio, with plans to monetize intellectual property, and its gaming division continues to operate. This diversified approach could provide stability if crypto markets turn volatile, though the firm’s future now hinges on Ethereum’s performance.



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August 18, 2025 0 comments
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Valiant's Bloodshot Relaunch Mired by Transphobic Dogwhistles
Product Reviews

Valiant’s Bloodshot Relaunch Mired by Transphobic Dogwhistles

by admin August 18, 2025


Update, 8/17/2025 @ 10:57 AM: After his old Twitter posts were discovered, Bloodshot writer Mauro Mantella has since deleted the account and posted an apology on Instagram.

“I want to offer my most sincere apologies. I know I made a mistake, but at no point did I intend to spread a message of hate,” it begins. In his apology, he revealed he first wrote the issue’s script in Spanish, then “changed it a bit” when converting it to English. This conversion led to him “borrowing a common phrase used by haters and tried to adapt it to the fictional world of vampires I was building. But now I see that it was understood in a completely different way.”

Mantella continued with an urge for readers to believe his subconscious “betrayed me when I tried to make a sharp comment,” and that he was “always referring to this fictional world where vampires force their children into eternal life without their consent.” He also revealed the second issue will provide “consequences” for this narrative choice and continue to strictly be about “the fictional context of the story I wrote.”

As for his past social media posts, he called himself a fan of conspiracy theories, which he uses for story fuel because it’s “fascinating and inspiring.” He is committing to being “more careful and serious about what I share and write,” and stressed his stories contain a “humanist, conciliatory approach — one that focuses on people, not on conflict or on judging anyone.”

Mantella affirmed his views as “center/left-thinking,” which he says makes him a “peronista” in Argentina, and called it “painful” to be regarded as alt-right. He swore has no right-wing inclinations or support for fascism, and is “very sad and ashamed to be in the middle of this situation, and I acknowledge my mistake. This has been a lesson for me, and I will do everything I can to make amends.”

Original story: Earlier this week, comic book publisher Valiant continued its recent “Beyond” reboot with Bloodshot #1. Shortly after its release, readers noted the comic—written by Mauro Mantella with art by Fernando Heinz Furukawa—contained narration that felt like a pointed jab at transgender people.

In the panels below from the issue, Bloodshot muses about his struggles against vampires and how the Yakuza have worked with the local government to “normalize blood consumption, and that’s messing with the minds of the younger ones. […] There are kids who want to be bitten to become vampires because their favorite influencer says they’re one. And parents who force their children into that irreversible change just to feel modern, and believing that they’ll be thankful for it when they grow up.”

© Fernando Heinz Furukawa/Valiant Comics

The character’s inner thoughts aren’t that dissimilar to how transphobic people seem to think people begin to question their gender identity—the idea that trans people do it for kicks, or that they’ve been led astray by a particular person online who’s spreading the message, particularly when it comes to kids. This thinking and desire to “protect our children” is what’s led to so many anti-trans laws in the United States that prevent gender-affirming care, erase transgender people from American culture, and generally try to ensure that they are not allowed to exist in day-to-day public life or are put into incredibly dangerous and life-threatening situations.

Comics industry workers soon decried Bloodshot, leading to co-publisher Alien Books and Mantella’s apology “for the harm caused by the phrasing in [the comic]. While the story takes place in a fictional world of vampires and cults, we understand that a specific line of dialogue has been read as alluding to real-world issues, specifically, the discrimination faced by trans people.”

“That was never the intention,” it continues. “The original line was written by an Argentinian creator and was unfortunately a case of nuance being lost in translation. We fully recognize that intent does not erase impact, especially when dealing with subject matter that affects real lives and communities.”

Alien will change the dialogue in the book’s digital and collected editions and vowed to give scripts a “more intense review by our proof readers.” But the apology itself was undermined by pinning the blame on nuance being “lost in translation,” as many pointed out Mantella himself is a professional translator and has worked with U.S.-based comic publishers before, including DC Comics. Compounding the issue further is that Mantella’s social media history is ridden with instances of him sharing right-wing and particularly anti-LGBTQ views. At the time of writing, several posts and shares from Mantella’s online presence have been found, either still on his accounts or since deleted after they were recirculated online in the last few days, including previously retweeted jokes from an anti-trans and anti-LGBTQ+ Twitter account, similar memes espousing COVID-19 and vaccine denialism, as well as conspiracy theories surrounding Ukraine during its years-long war with Russia.

io9 has reached out to Alien for comment regarding Mantello’s past social media behavior and will update when, or if, a response is given.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.





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August 18, 2025 0 comments
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